Federal Reserve's Moussallem: Iran War Energy Shock Will Fully Drive Up Inflation

Odaily · 2026-04-01T21:25:29+00:00

Odaily Planet Daily News: Saint Louis Fed President Muṣālaīm stated on Wednesday that energy shocks related to the Iran war will definitely impact overall inflation and may cause shocks to core price pressures. Muṣālaīm said at an event hosted by the Washington American Enterprise Institute, "I expect commodity price increases to have a one-to-one impact on overall inflation, and there will be a period of high overall inflation." He added, "Core inflation will also be affected to some extent through transmission, and I will closely monitor the degree of transmission and the correlation between the two."(Gold Ten)

Odaily

2026-04-01 21:25:29

Odaily Planet Daily News: On Wednesday, James Bullard, president of the St. Louis Fed, said that an energy shock related to a war involving Iran will certainly affect overall inflation and could also put pressure on core prices. Speaking at an event hosted by the American Enterprise Institute in Washington, he said, “I expect that rising commodity prices will pass through to overall inflation one-for-one, and there will be a period of high overall inflation.” He added, “Core inflation will also be affected by some transmission; I will closely monitor the degree of transmission and the correlation between the two.” (Jinshi)

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