She said she was "optimistic" that once the war is over, supply disruptions will end and there will be a "temporary" impact on inflation and a "minimal" hit to overall economic activity. But Bowman added, "should disruptions persist well into the second half of the year, we could start to see broader effects on inflation."

While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.

Fed Chair Goolsbee warns of persistent energy inflation due to the Iran war. No rate cuts in 2026 at 66.3% YES.

She said she was "optimistic" that once the war is over, supply disruptions will end and there will be a "temporary" impact on inflation and a "minimal" hit to overall economic…

Federal Reserve officials signalled potential rate hikes if Middle East tensions drive a prolonged energy shock and keep inflation elevated. Policymakers, including Michelle…