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Fed Govs. express concern about Iran war-driven inflation

American Banker - 26 Mar 2026 23:29
Fed Govs. express concern about Iran war-driven inflation In three separate appearances Thursday, Fed Gov. Lisa Cook, Gov. Michael Barr and Vice Chair Philip Jefferson said they are worried that U.S. involvement in the war with Iran could drive up inflation, leading them to conclude that interest rates should remain steady in the near term.
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