# Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment.

*business · news · 2026-04-06 · Reuters*

## Key points

- Fed officials Hammack and Goolsbee prioritize inflation concerns over employment in current policy outlook.
- Goolsbee warns inflation risk is worsening due to persistent tariffs and new stagflationary shocks from the Iran war.
- Hammack notes inflation has exceeded the Fed's target for five years and remains stubbornly high.
- Despite recent stock market losses, Hammack views the financial system as stable, while Goolsbee sees potential asset bubbles.

**Countries:** United States, Iran

[Read the full story on Reuters](https://www.reuters.com/markets/us/feds-goolsbee-hammack-say-inflation-is-flashing-orange-or-worse-2026-04-06/)

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