Trump's Iran strikes may have given the Fed another reason to keep rates high

Chen Mengtong/China News Service/VCG via Getty Images

• Trump wants lower rates, but he may have just given the Fed a new reason to sit tight.
• America's strikes on Iran sent oil prices higher, a development that could worsen inflation.
• Trump has often criticized the Fed and Jerome Powell for being too late to adjust policy.

President Donald Trump's decision to strike Iran's nuclear sites could end up creating a new reason for the Federal Reserve to hold off a while longer before lowering interest rates.