Chicago Fed President Austan Goolsbee sees inflation from Iran war as risk to 2026 rate cuts
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Federal Reserve Bank of Chicago President Austan Goolsbee thinks that the Iran war risks fueling inflation, which would make it harder for the central bank to ease interest rates in 2026. Goolsbee — who emphasized he was speaking for himself and not for the Federal Reserve as a whole — told CBS News that, before the start of the conflict, he was confident the Fed could cut its benchmark rate this year. But that optimism has waned as the war drives up oil and fuel prices. "Before the war,
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