Kansas City Fed Honcho Warns Against Iran Conflict Worsening Inflation

This post is just for the people who understand a simple fact . . .

The economy & global markets DON'T CARE about your politics. 

And so . . . 

Here's more perspective from one of the people who determine the value of the money in your wallet . . . 

Check-it . . .

"Federal Reserve Bank of Kansas City Jeff Schmid cautioned that the US central bank should not look through the impact on inflation of a surge in energy prices stemming from the conflict in Iran . . ."

More context . . . 

"Kansas City Federal Reserve President Jeff Schmid on Tuesday warned against assuming higher energy prices will have only a transitory effect on inflation, given that inflation was running near 3% ​even before the Iran war set off a surge in oil prices, and progress ‌toward the Fed's 2% goal had stalled. "

Read more via www.TonysKansasCity.com link . . .

Fed's Schmid warns against complacency on inflation