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2026-04-08 02:00:30
[Chicago Fed President Austan Goolsby: Cautious and Even Concerned About the Economy] Chicago Federal Reserve Bank President Austan Goolsby stated that the sharp rise in oil prices, coupled with low levels of hiring, has raised concerns about the U.S. economy. "I'm cautious about this, even somewhat concerned," he said at an event in Detroit on Tuesday. Goolsby reiterated that the surge in oil prices could drive inflation upwards in the form of stagflation. He also noted that persistent inflation could be fixed in contract pricing. He stated that the current low hiring and low layoffs in the labor market are likely due to the numerous uncertainties facing businesses.
