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2 hours ago

NY Fed president John Williams warns Iran-driven oil spike could ripple through economy

Federal Reserve Bank of New York president John Williams warned that the effects of the Iran war on energy prices could spread across multiple sectors of the economy.FOX Business host Liz Claman noted during her interview with Williams Thursday on "The Claman Countdown" that gasoline is used in far more than transportation, including clothing manufacturing, asphalt and packaging."There's a pass-through of energy prices into a lot of things that we buy, including airfares… With higher fuel costs, airfares are going to go up," William said."It will spread around. It typically takes us into other...

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