Economist Austan Goolsbee warns that rising prices may be driven as much by strong consumer demand as by disruptions in global supply chains, particularly from Iran, raising concerns about whether inflation could become self-sustaining without intervention. The combination of pent-up demand and supply constraints suggests a more complex economic challenge than a temporary shock, according to his analysis. Experts are now weighing whether central banks will need to act preemptively to cool markets before price pressures worsen. The debate highlights tensions between supporting economic recovery and preventing lasting inflationary trends.
Austan Goolsbee voices concern that price growth is being fuelled by ‘overheating demand’ on top of Iran supply shock
