[Boston Fed: Limited Impact of Iran War on U.S. Labor Market] BlockBeats News, June 5, according to AXIOS, the Boston Federal Reserve believes that while inflationary costs persist in the face of an oil crisis similar to the 1970s, the risks to employment appear to be much smaller than 50 years ago. As tensions in Iran continue to escalate, the labor market has shown early signs of recovery. If the risks to employment from energy supply disruptions are minimal, the central bank's challenge will shift from managing stagflation risks to preventing a new wave of price pressures. In its latest research, the Boston Fed suggests that an oil shock equivalent to a war with Iran would lead to a significant rise in inflation but would have almost no impact on national employment. Economists stated: 'The U.S. economy's vulnerability to oil shocks has not been eliminated but has transformed. Today, the challenges posed by oil shocks to monetary policy may be smaller, allowing policymakers to focus more on the greater risks posed by inflation.' Researchers estimate that the U.S.-Iran conflict has driven oil prices up by 33%, a historically significant increase, though not unprecedented. The current structure of the U.S. economy differs from that of past energy crisis periods, enabling it to absorb shocks of this magnitude with much less damage to national employment.