HONG KONG, April 15 (Reuters) – Former U.S. Treasury Secretary Janet Yellen said on Wednesday that the Iran war is creating supply shocks in the global economy which could put more pressure on inflation.
Yellen, speaking to the HSBC Global Investment Summit in Hong Kong, said the Middle East conflict had intensified ongoing economic uncertainty.
“It puts upward pressure on inflation and we’ve already seen that in recent inflation reports, but we’re likely to see more,” she said.
“This is really a broad supply shock.”
(Reporting by Kane Wu and Jiaxing Li in Hong Kong; Writing by Scott Murdoch; Editing by Jacqueline Wong)
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