Fed’s Waller Cites Middle East Tensions, Holds Steady Rates

US Federal Reserve Governor Christopher Waller warned Friday that escalating Middle East tensions could drive inflation higher, but he sees no immediate need to raise interest rates. The closure of the Strait of Hormuz, following the US-Israel war on Iran, is already sending oil prices soaring, creating broader economic uncertainty. Waller emphasized that sustained high […] Read The Full Article Fed’s Waller Cites Middle East Tensions, Holds Steady Rates On Coin Edition.