Federal Reserve Officials: U.S.-Israel-Iran Conflict Could Lead to Persistent High Inflation in the U.S.

2026-04-11 06:18:21

On March 31st local time, Jeff Schmid, President of the Federal Reserve Bank of Kansas City, stated that due to the rise in energy prices triggered by the conflict between the US, Israel, and Iran, US inflation may remain at a higher level for a longer period, approaching 3%. Schmid pointed out that this oil price increase occurred against the backdrop of inflation that is “already too high and has persisted for too long,” and the Federal Reserve should not simply consider the inflation caused by rising energy prices as temporary. He emphasized that, given that current inflation remains relatively high, the ongoing impact of rising energy prices on overall inflation should not be overlooked. (CCTV News)

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