Atlanta Fed's Venable: Inflation too high, with prospect of easing dependent on events in Middle East
XLE•Middle East conflict could affect energy prices
"A clear resolution to the war would likely get oil shipments moving more freely, boost supplies, and thus ease energy prices," Venable said in an essay posted by the Atlanta Fed. "Prolonged tension and conflict would likely have the opposite effect."
Atlanta Fed interim president says inflation remains too high
WASHINGTON, Aug. 11 (Reuters) - Atlanta Fed interim president Cheryl Venable said inflation remains too high, a message heard from contacts across the Southeast, with the likelihood of easing price pressures tied to "unpredictable geopolitical events, particularly the Middle East conflict."
