[Federal Reserve's Goolsbee Says Impact of Iran War Resembles an Inflation Shock] Jin10 Data, May 7 – Chicago Fed President Goolsbee stated on Wednesday that the war in Iran increasingly appears to be an inflationary shock to the economy. While the current impact on employment and economic growth remains unclear, concerns about supply chain disruptions and persistent price increases are intensifying. 'This is not yet a shock leading to "stagflation,"'—the kind that simultaneously hits the labor market while driving up inflation, forcing the Federal Reserve to decide which policy objective faces greater risk—Goolsbee said after attending the Milken Institute conference in Los Angeles. 'This is merely an inflation shock. And the longer this situation persists, the more uneasy I feel.'