Watch CNBC's full interview with Chicago Fed President Austan Goolsbee

Chicago Fed President Austan Goolsbee told CNBC he is watching persistent inflation and that the Iran conflict could complicate the Fed's interest-rate outlook. Goolsbee and Steve Liesman discussed the state of the U.S. economy and implied heightened uncertainty for monetary policy paths and market sensitivity to geopolitical developments.

Analysis

Chicago Fed President Austan Goolsbee told CNBC he is watching persistent inflation and that the Iran conflict could complicate the Fed's interest-rate outlook. Goolsbee and Steve Liesman discussed the state of the U.S. economy and implied heightened uncertainty for monetary policy paths and market sensitivity to geopolitical developments.