Kashkari says Iran war limits Fed's ability to provide rate guidance
Federal Reserve Bank of Minneapolis President Neel Kashkari said Sunday that the longer the Iran war goes on, the greater the risks of higher inflation and economic damage, all of which limit how much guidance the central bank should provide on rate policy right now. In an appearance on CBS's "Face the Nation" television program, Kashkari said he was "very focused" on the Iran war and its impact on inflation and economic demand amid the ongoing closure of the Strait of Hormuz, a chokepoint for 20% of global oil and gas supplies. The war, which began when U.S. President Donald Trump and Israel launched airstrikes ...
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NASDAQ TRADE HALT VOLATILITY TRADING PAUSE AT 03:14 PM
Crypto Weekly Volume Doubles to $37B in Five Days, But August Momentum Slows
Bitcoin Loses $80,000 as Critics Swarm Treasury's $950 Billion Buyback Plan
NASDAQ TRADE HALT <DAIC.O> VOLATILITY TRADING PAUSE AT 03:08 PM
