Miner Company
Powell: Iran war to increase inflation in the near term
Surging oil prices due to the Iran war are expected to increase inflation in the near term, Federal Reserve Chair Powell said. “Near-term measures of inflation expectations have risen in recent weeks, likely reflecting the substantial rise in oil prices caused by the supply disruptions in the Middle East,” the Fed chair said.
Surging oil prices due to the Iran war are expected to increase inflation in the near term, Federal Reserve Chair Powell said. “Near-term measures of inflation expectations have risen in recent weeks, likely reflecting the substantial rise in oil prices caused by the supply disruptions in the Middle East,” the Fed chair said.