Fed's Williams: Iran war will drive up headline inflation

New York Fed Pres. John Williams is speaking NY Fed Pres. and voting member John Williams is speaking and says: Iran war impact will drive up headline inflationthings that inflation from Iran war will go directly into headline.Inflation given energy. Inflation issue should be around 2.75%.it is very focused on underlying inflation.Story on core inflation hasn't changed very… NY Fed Pres. and voting member John Williams is speaking and says: . Iran war impact will drive up headline inflation things that inflation from Iran war will go directly into headline. NY Fed Pres. and voting member John Williams is speaking and says: Iran war impact will drive up headline inflation things that inflation from Iran war will go directly into headline. Inflation given energy. Inflation issue should be around 2.75%. it is very focused on underlying inflation. Story on core inflation hasn't changed very much. Hasn't change story much on core inflation despite war. Tariffs remain a big part of… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.