Federal Reserve's Musalam: Iran war may push up overall and core inflation

St. Louis Fed President Moussa Lem said on Wednesday that energy shocks related to the Iran war will affect overall inflation and may have an impact on core price pressures. He stated at the American Enterprise Institute event in Washington that rising commodity prices will directly affect overall inflation and lead to a period of high inflation, while core inflation will also be transmitted to some extent. He will closely monitor the degree of transmission and the correlation between the two.