[Federal Reserve Official: U.S.-Israel-Iran Conflict May Lead to Prolonged High Inflation in the U.S.] On March 31 local time, Jeff Schmid, President of the Federal Reserve Bank of Kansas City, stated that due to the rise in energy prices triggered by the U.S.-Israel-Iran conflict, U.S. inflation may remain at a higher level for a longer period, nearing 3%. Schmid pointed out that this increase in oil prices is occurring against the backdrop of inflation that is 'already too high and has lasted too long.' The Federal Reserve should not simply assume that inflation caused by rising energy prices is temporary. He emphasized that under the current circumstances of persistently high inflation, the sustained impact of rising energy prices on overall inflation should not be overlooked. (CCTV News)