Chicago Fed's Goolsbee: Consumer Strength Drives Growth

Chicago Fed President Austan Goolsbee said consumer strength will keep US economic growth robust, per Fox News interview.
He noted oil futures suggest the Iran‑War‑driven price surge is expected to be short‑lived, limiting impact on the economy.
Goolsbee warned that if gasoline prices stay high, e.g., $90 per barrel persistently, consumer sentiment could sour and spending reassessed.
He cautioned that a prolonged high oil price would spill over to other prices, potentially affecting broader inflation.