[Former White House Economist: Over 50% Probability of U.S. Escalating War with Iran, Fed Likely Forced to Raise Rates] According to a report by Jinse Finance on March 27, former White House economist Nouriel Roubini predicted that U.S. President Trump is more likely to escalate the war with Iran to secure a victory, rather than back down and risk more severe consequences for the economy and international order. He stated that the probability of escalation exceeds 50%. He also mentioned that the Federal Reserve leadership is about to change. 'The new Fed Chair cannot ruin their reputation at the very start of their term,' and therefore may have no choice but to raise interest rates.