Fed's Goolsbee says he could see circumstances where rate hikes might be needed

Chicago Fed President Austan Goolsbee said the Fed may need to tighten monetary policy in response to oil-driven pressures on the U.S. economy. The remark signals a hawkish tilt that could push rates and yields higher, increase upside risk to inflation, and weigh on risk assets if oil-related inflation persists.

Analysis

Chicago Fed President Austan Goolsbee said the Fed may need to tighten monetary policy in response to oil-driven pressures on the U.S. economy. The remark signals a hawkish tilt that could push rates and yields higher, increase upside risk to inflation, and weigh on risk assets if oil-related inflation persists.