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Fed Officials Warn Rate Cuts Delayed Amid Rising Oil Prices

4/15/2026

Summary

Story summary

Austan Goolsbee, President of the Chicago Federal Reserve, said rate cuts may be delayed until 2027 due to oil prices linked to Iran war.
He added persistent inflation could prevent rate reductions and his 2026 cuts forecast has weakened.
Rising oil prices lift inflation expectations and complicate the Fed's decisions.
Mary Daly, President of the San Francisco Federal Reserve, acknowledged uncertainty about future rate changes due to oil price trends.

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Story summary

Austan Goolsbee, President of the Chicago Federal Reserve, said rate cuts may be delayed until 2027 due to oil prices linked to Iran war.
He added persistent inflation could prevent rate reductions and his 2026 cuts forecast has weakened.
Rising oil prices lift inflation expectations and complicate the Fed's decisions.
Mary Daly, President of the San Francisco Federal Reserve, acknowledged uncertainty about future rate changes due to oil price trends.