During MSNBC's State of the Union coverage on Tuesday, Economics Professor at the University of Chicago Booth School of Business Austan Goolsbee, who served as Chairman of the Council of Economic Advisers under President Barack Obama, stated that "we're still going to have to just bull through" the "worst" of inflation, releasing oil from the Strategic Petroleum Reserve will only have a marginal impact, and that he's skeptical about the immediate impact going after monopolization and price gouging would have on inflation.