Federal Reserve official Gursky: The impact of war on the US economy depends on the duration of the conflict.

Chicago Federal Reserve Bank President Austan Goolsbee said that the impact of the Iran conflict on the US economy depends on the duration of the war. "If oil prices remain above $90 or $100 per barrel for several months, then we have to take that into account in the US," Goolsbee said on Monday. "If energy prices stay high for a long time, it may stimulate investment in the energy production sector, but it could also have an impact on consumer confidence."