Fed official warns war may lift inflation expectations
Fed official Anna Paulson warned that war-driven price shocks could lift inflation expectations. She noted that persistent high prices create economic risks.
Xurve View
Xurve View
Philadelphia Federal Reserve President Anna Paulson issued a warning on Friday regarding the potential for geopolitical instability to disrupt long-term inflation trends. Speaking at a San Francisco Fed conference, Paulson noted that the prolonged period of elevated inflation in the United States has heightened the risk that commodity shocks stemming from the war in Iran could transition from temporary events into persistent economic hurdles.
