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Federal Reserve Board Member Barr: Iran War Poses Risks to Growth and Inflation
Federal Reserve Board Governor Michael Barr said that the longer the conflict involving Iran lasts, the greater the risk that it will affect U.S. economic growth and inflation.
“ If the situation in the Middle East continues for a long time, it could not only push inflation higher, but also drag down economic growth,” Barr said on Wednesday at an event hosted by the National Fair Housing Alliance.
“ If it ends quickly and is resolved quickly, the impact will dissipate just as quickly. But if the conflict continues, it could have a long-term impact on economic growth.”
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Editorial responsibility: Li Zhaofu