New York Fed President John Williams Warns of Economic Risks from Iran War
New York Fed President John Williams warned that the Iran war is already affecting economic growth and inflation, raising concerns about stagflation. He noted that while energy prices may eventually decline, the conflict could cause significant supply shocks that worsen inflation and slow growth. This adds uncertainty to the Fed's dual mandate of stable prices and low unemployment.
Topics: Economic Growth Fed Policy Inflation Iran War Impact Stagflation