Summary
Oil prices nearing $100 a barrel are creating challenges for the Federal Reserve as it deals with high inflation and a slowing job market. Jerome Powell, the Federal Reserve Chair, stated that the central bank is taking a cautious approach. This situation was discussed with Austan Goolsbee from the Federal Reserve Bank of Chicago.
Key Facts
- Oil prices are close to $100 per barrel.
- The Federal Reserve is dealing with high inflation.
- The job market is currently slowing down.
- Jerome Powell is the Chair of the Federal Reserve.
- The Federal Reserve is adopting a "wait and see" strategy.
- Austan Goolsbee is from the Federal Reserve Bank of Chicago.
