Svmuu News FOMC voting member and Chicago Fed President Goolsbee stated on Thursday local time that the economy is suffering from an oil price shock. At a time when the inflation from last year's tariff shock has not yet subsided, the oil price shock is pushing up prices again. This "inopportune timing" concerns him. Goolsbee said: "When gasoline prices rise sharply in the short term, people's expectations for inflation over the next 12 months begin to rise significantly, which could put us in a more difficult position." Since the outbreak of the Iran war, the sharp rise in oil prices has also increased uncertainty for businesses and slowed the pace of hiring. (Jin10)