EconomyBessent and Fed’s Goolsbee split over energy shock’s role in inflation
US Treasury Secretary Scott Bessent said on Friday the Federal Reserve should not raise rates in response to inflation driven by an energy supply shock linked to the Iran war. Chicago Fed President Austan Goolsbee promptly disagreed on CNBC, saying price pressures were building well beyond what high oil prices could explain.
People in this report Austan Goolsbee · Scott Bessent
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Reuters★★★☆☆2026-11-13 16:45Original
Bessent and Fed’s Goolsbee split over energy shock’s role in inflation
Economy