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Higher oil prices could raise consumer inflation expectations, Fed's Goolsbee tells FT
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Higher oil prices could raise consumer inflation expectations, Fed's Goolsbee tells FT
Apr 15, 2026 8:38 AM

April 15 (Reuters) - Higher oil prices could lead to a

rise in consumer inflation expectations, Chicago Federal Reserve

Bank President ​Austan Goolsbee told the Financial Times in an

interview published on Wednesday, adding that the US central

bank faces a double danger from the Iran war and Donald Trump's

tariffs.

"If we're going to have high oil prices, we may start seeing

consumer inflation expectations rising notably. And to have

piled this thing on before the tariff inflation went away,

that's a double danger," Goolsbee told the FT on Tuesday

afternoon.

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