In a new article with Bloomberg, BWC Chair Bill Dudley warns of a potential energy supply shock stemming from U.S. conflict with Iran. He argues that rising energy prices could slow economic growth by reducing consumer spending while also driving inflation across the economy. Heading into IMF/World Bank Spring Meetings, many are wondering how policymakers might respond to recent shocks. Given this drawback, the Fed is likely to delay major policy decisions until the outlook becomes clearer.  

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All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.