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Goolsbee: Iran conflict triggers stagflation shock, Federal Reserve faces dilemma
ME News report, on April 8 (UTC+8), Federal Reserve Goolsbee said he is concerned that the Iran war will not only weigh on economic growth, but also drive up the inflation rate, putting the Federal Reserve in a tricky position. Goolsbee said, “What I’m most concerned about right now is that we must deal with the upcoming oil crisis, which will cause prices to rise in the form of stagflation.” (Source: ChainCatcher)