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Chicago Fed's Goolsbee Says Iran War-Induced Stagflation Could Put Authorities in a Bind
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Chicago Federal Reserve Bank President Austan Goolsbee said on Tuesday that he is concerned the war in Iran could push up inflation while threatening the currently "stable but not ideal" labor market. He added that the Federal Reserve is in a difficult position as there is no clear playbook to follow. Markets are betting that the Fed will keep interest rates unchanged through the end of the year. (sw/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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