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Higher oil prices could raise consumer inflation expectations, Fed's Goolsbee tells FT

BY Reuters | ECONOMIC | 11:22 AM EDT

April 15 (Reuters) - Higher oil prices could lead to a rise in consumer inflation expectations, Chicago Federal Reserve Bank President ?Austan Goolsbee told the Financial Times in an interview published on Wednesday, adding that the US central bank faces a double danger from the Iran war and Donald Trump's tariffs.

"If we're going to have high oil prices, we may start seeing consumer inflation expectations rising notably. And to have piled this thing on before the tariff inflation went away, that's a double danger," Goolsbee told the FT on Tuesday afternoon.

(Reporting by Kanjyik Ghosh in Barcelona; Editing by Franklin Paul)

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