Fed’s Austan Goolsbee sees economic weakness, but not recession
Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, sees some weakness in the U.S. economy now and he's personally uneasy about the possibility of inflation heating up as the Iran war continues.
But he remains "hopeful, slash optimistic" that the U.S. economy will keeping growing, thanks to continued consumer spending across the board.
"My concern at this immediate time is we've got to get our heads around the oil shock," Goolsbee told the Detroit Economic Club on Tuesday, April 7.
Goolsbee engaged in
Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, sees some weakness in the U.S. economy now and he's personally uneasy about the possibility of inflation heating up as the Iran war continues.
But he remains "hopeful, slash optimistic" that the U.S. economy will keeping growing, thanks to continued consumer spending across the board.
"My concern at this immediate time is we've got to get our heads around the oil shock," Goolsbee told the Detroit Economic Club on Tuesday, April 7.
Goolsbee engaged in
12 days ago
