Goolsbee: The Iran conflict triggers stagflation shock, the Federal Reserve faces a dilemma

According to Jin Shi's report, Federal Reserve's Goolsbee expressed that he is concerned that the war in Iran will not only slow down economic growth but also raise inflation rates, putting the Federal Reserve in a tricky situation. Goolsbee stated, "What I am most worried about right now is that we have to deal with the impending oil crisis, which will lead to rising prices in the form of stagflation."