Top Fed official warns Iran war could spark ‘lasting’ price shock
Christopher Waller says higher oil prices coupled with Donald Trump’s tariffs raise prospect of prolonged inflation
Related reading
US petrol prices surge as Trump’s Iran war triggers inflation worries
Costs at the pump exceed level at the end of the Biden administration
Wall Street warns Iran war will trigger prolonged energy crisis
Leading banks forecast oil could push well above $100 as Trump says US can keep fighting ‘forever’
Investors slash Fed rate-cut bets as Iran war sends petrol prices surging
Traders expect central bank to remain on hold until next summer in blow to Trump’s hopes for lower borrowing costs
Impact of Iran war will hurt US even after conflict ends, economists warn
Wave of inflation will persist as higher fuel prices feed through into businesses
Donald Trump’s Iran war tests US voters’ patience as petrol prices rise
Administration has failed to douse surge in fuel costs as Middle East turmoil deepens
US inflation rose to 3.3% in March on Middle East energy shock
Surge in prices highest since May 2024 as Iran conflict triggers historic surge in petrol prices