Fed holds rates steady as inflation risks rise from oil, tariffs and Iran

The Federal Reserve has kept interest rates unchanged, but inflation risks remain a major concern. Rising oil and gas prices, tariffs and uncertainty surrounding the U.S.-Iran conflict could put renewed pressure on American consumers and the U.S. economy.

CGTN's Sean Callebs spoke with Lauren Saidel-Baker, Economist at ITR Economics, about whether the Federal Reserve is underestimating the inflation threat and what the central bank can do if price pressures continue to rise.

0:00 Fed holds interest rates steady as markets react 0:18 Fed divisions and the outlook for a September rate hike 1:05 Iran conflict, oil prices and financial market uncertainty 1:35 Why inflation risks extend beyond energy prices 2:17 Kevin Warsh's approach to inflation and interest rates 3:03 Why inflation could continue rising in the U.S. 3:52 Is the Fed underestimating the threat of inflation? 4:15 Could the Fed need multiple interest rate hikes? 5:02 The risk of waiting too long to raise interest rates

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