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PBS Newshour

Chicago Fed president breaks down economic risks of Iran war

Season 2026 Episode 63 | 7m 05s

Oil prices are hovering near $100 a barrel and it's raising new questions for the Federal Reserve as it tries to navigate between high inflation and a cooling job market. Chair Jerome Powell said last week the central bank is taking a “wait and see” approach. Geoff Bennett discussed what it means for the economy with Austan Goolsbee of the Federal Reserve Bank of Chicago.

Major corporate funding for the PBS NewsHour is provided by Care.com, Consumer Cellular, and Fidelity. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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Extras
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Civilians find no refuge from strikes as Mideast war widens
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Pentagon faces another legal challenge over new media rules
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Multiple failures likely led to deadly LaGuardia collision
Investigators believe multiple failures led to deadly LaGuardia Airport collision
Clip: S2026 E63 | 6:14
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News Wrap: Mullin sworn in as Homeland Security secretary
News Wrap: Mullin sworn in as Homeland Security secretary
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Supreme Court hears ballot case that could impact midterms
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Trump rejects deal to reopen DHS without ICE funding
Trump rejects Senate proposal to reopen DHS without ICE funding
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Trump says Iran wants to end war, but regime denies talks
Trump says Iran wants 'deal' to end war, but regime denies talks and strikes continue
Clip: S2026 E62 | 8:18
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