Why Iran war oil price shock won't stop Fed pick Kevin Warsh from cutting interest rates
Business
The war in Iran has caused oil prices to spike, prompting concerns about a resurgence of inflation . That has led Federal Reserve officials to raise the possibility that they may pause the Fed's recent efforts to lower interest rates, or potentially even raise rates. But that is the Fed as it's now known. The central bank is likely to soon have a new leader who sees inflation very differently. Kevin Warsh , if confirmed by the Senate , would almost certainly be comfortable lowering rates
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