Federal Reserve's Williams: The impact of Middle East conflicts will push up overall inflation, but will have little effect on core inflation

BlockBeatNews

2026-04-07 12:50:57

BlockBeats message, on April 7, William Williams, president of the Federal Reserve Bank of New York, said that the Iran war’s impact will push overall inflation higher. The Federal Reserve is paying close attention to underlying inflation. Despite the conflict in the Middle East, core inflation hasn’t changed much. This year’s inflation rate is expected to be around 2.75%. Tariffs are still an important part of the inflation story, but monetary policy is currently in a favorable position to be “on standby.”

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