Media Outlet:
Associated Press
Publication Date:
Description:
Prof. Kristin Forbes speaks to Associated Press reporter Christopher Rugaber about the continued impact of the Iran war on oil and gas prices in the U.S.. “I don't see any end to the war in Iran right now,” says Forbes. “Given what everyone has been through in the last few years of high inflation, consumers are more sensitive, companies are more sensitive, they raise prices faster ... The risks are much more on more persistent inflation than it falling quickly.”