Federal Reserve's Mester: Iran War Energy Shock Will Boost Inflation Across the Board

BlockBeats News, April 1st, St. Louis Fed President Bullard stated that the energy shock related to the Iran war would certainly impact overall inflation and could potentially put pressure on core prices. Bullard said: “I expect the rise in commodity prices to one-for-one affect overall inflation and lead to a period of high overall inflation. Core inflation will also be impacted to some extent, and I will closely monitor the degree of pass-through and the relationship between the two.” (FXStreet)