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2026-04-08 02:01:42
[Chicago Fed President Austan Goolsby: Cautious, Even Nervous, About the Economy] Chicago Federal Reserve Bank President Austan Goolsby stated that the sharp rise in oil prices coupled with sluggish hiring has raised concerns about the U.S. economy. "I'm cautious about this, even a little nervous," he said at an event in Detroit on Tuesday. Goolsby reiterated that soaring oil prices could push up inflation in the form of stagflation, and he also mentioned that persistent inflation could be entrenched in contract pricing. He believes that the current low hiring and low layoffs in the labor market largely stem from the uncertainty faced by businesses.
