Federal Reserve Officials: US-Iran Conflict Could Lead to Persistent High Inflation in the US

2026-04-01 00:27:45

Golden Finance reports that on April 1, Jeff Schmid, president of the Federal Reserve Bank of Kansas City in the United States, said that due to the rise in energy prices triggered by the U.S.-Israel-Iran conflict, U.S. inflation may remain at a higher level for longer, nearing 3%. Schmid noted that this rise in oil prices occurred against the backdrop of inflation that is “already too high and has lasted for too long,” and that the Federal Reserve should not simply assume that inflation caused by the rise in energy prices is temporary. He emphasized that when inflation is still elevated, the ongoing impact of the rise in energy prices on overall inflation should not be ignored.

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