Fed's Cook Says Inflation More of a Risk Now Due to Iran War

Fed Governor Lisa Cook said the Iran war has shifted the balance of risks, leaving inflation a bigger concern for policymakers than employment. Her hawkish comments raise the odds of further Fed tightening, potentially putting upward pressure on interest rates and weighing on risk assets.

Analysis

Fed Governor Lisa Cook said the Iran war has shifted the balance of risks, leaving inflation a bigger concern for policymakers than employment. Her hawkish comments raise the odds of further Fed tightening, potentially putting upward pressure on interest rates and weighing on risk assets.