Federal Reserve's Goolsbee: The oil price shock will significantly raise inflation expectations

According to Jinshi reports, this year's FOMC voting member and Chicago Fed President Goolsbee stated that the economy is suffering from the impact of rising oil prices, which have further pushed up prices at a time when inflation from last year's tariff shocks has not yet subsided.

He is concerned that this "untimely timing" could lead to a significant increase in people's expectations for inflation trends over the next 12 months, potentially putting the economy in a more difficult situation. Since the outbreak of the Iran war, oil prices have surged sharply, exacerbating uncertainty for businesses and slowing down hiring.