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

Deep Tide TechFlow message. April 1, according to Jintou data, Saint Louis Fed President Musalem said on Wednesday that an energy shock related to the war with Iran will definitely affect overall inflation and may also hit core price pressures. Musalem said at an event hosted by the American Enterprise Institute in Washington that: “I expect that a rise in commodity prices will impact overall inflation one-for-one, and there will be a period of high overall inflation for a while.” He added: “Core inflation will also be affected to some extent through transmission; I will closely watch the degree of transmission and the correlation between the two.”