Fed news🔥 ;Chicago Fed President Austan Goolsbee Issues Warning: Iran Conflict Emerging as an Inflationary Shock In comments made on Wednesday after the Milken Institute conference, Chicago Fed President Austan Goolsbee stated that the ongoing conflict in Iran is increasingly resembling an inflationary shock to the economy.$LAB While the effects on employment and overall economic growth are not yet clear, Goolsbee highlighted growing concerns around potential supply chain disruptions and persistent price pressures. He was careful to note that this is not currently a “stagflation” scenario — where both inflation and unemployment rise sharply at the same time. However, he added that the longer this inflation shock continues, the more uneasy he becomes. This macro development is especially relevant for risk assets like Bitcoin and crypto, as renewed inflation fears could influence the Federal Reserve’s path on interest rates. Will geopolitical tensions push inflation higher and weigh on markets, or is this a temporary shock? {spot}(BTCUSDT) {spot}(ETHUSDT) {future}(ETHUSDT) #BTC #Fed #Inflation