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PBS News Hour

Chicago Fed president breaks down economic risks of Iran war

Season 2026 Episode 63 | 7m 05s

Oil prices are hovering near $100 a barrel and it's raising new questions for the Federal Reserve as it tries to navigate between high inflation and a cooling job market. Chair Jerome Powell said last week the central bank is taking a “wait and see” approach. Geoff Bennett discussed what it means for the economy with Austan Goolsbee of the Federal Reserve Bank of Chicago.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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