Chicago Fed President Austan Goolsbee said the Iran conflict is increasingly behaving as an inflationary shock rather than a stagflationary one, a distinction that carries important implications for monetary policy. Speaking after attending the Milken Institute conference in Los Angeles, Goolsbee noted that while higher energy prices and supply chain disruptions are clearly pushing inflation […]The post Fed’s Goolsbee: Iran War Is Inflationary, Not Yet Stagflationary appeared first on ActionForex.