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

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.