Federal Reserve official says Iran war pushed her toward supporting rate hike
A top Federal Reserve official said Monday that the renewal of combat in the Middle East in August was a key reason she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year.
TL;DR
- A Federal Reserve official cited the renewal of combat in the Middle East in August.
- This conflict was a key reason she supported raising borrowing costs last week.
- She also indicated a second rate hike is planned for later this year.