<p>Chicago Fed President Goolsbee (2027 FOMC voter): Oil prices could drive up prices in a stagflationary manner.
Hiring is low, firing is low; these are all signs of uncertainty.
I am cautious about the economic outlook and feel nervous.
The longer high inflation persists, the more entrenched it will become in the economy.</p>

<p>Chicago Fed President Goolsbee indicated that oil prices could drive up costs in a stagflationary manner. He noted that low hiring and firing levels reflect economic uncertainty. He expressed caution about the economic outlook, concerned that prolonged high inflation could lead to it becoming entrenched in the economy</p>

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