Fed's Goolsbee (2027 voter) says energy shocks can pose risks to both sides of the Fed mandate, while he doesn't know if they can cut rates again and it depends on how long the war will last

Newsquawk StaffFederal Reserve newsPublished 24 Mar 2026, 23:07 UTC

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Fed's Goolsbee (2027 voter) says energy shocks can pose risks to both sides of the Fed mandate, while he doesn't know if they can cut rates again and it depends on how long the war will last

22:33

US President Trump's administration is expected to lift summer gasoline regulations to curb energy prices as soon as Wednesday, according to sources

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Fed's Barr (voter) sees rates holding steady for some time and wants evidence of sustainable inflation retreat

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Says

Possible that energy prices could stay high after the war ends.
Likely to see a downturn in consumer sentiment.
It's not an obvious playbook for what to do and it's a bad situation for a central bank.

Context

Fed's Goolsbee indicates that energy price pressures are a dual concern for the Fed, potentially undermining both growth and inflation targets. His uncertainty about future rate cuts highlights the Fed's cautious stance, particularly as geopolitical tensions remain unpredictable; this could influence market sentiment and USD valuations depending on how these risks evolve.

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