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Nick Timiraos: Iran war drove global supply chain index higher in April
Nick Timiraos, chief economics correspondent at Wall Street Journal, highlights shifts in global supply chain pressures. He reports that tariffs did not cause any notable change last year in the New York Fed index tracking global supply chain stress. In contrast, the Iran war drove the index significantly higher in April.
Timiraos previously discussed how the Powell Fed confronted the highest inflation in nearly five decades and dealt with ethics concerns at the U.S. central bank. He also reported that Mideast energy crises have shaped recent debates over Fed interest rate policy into 2025 and 2026, as concerns about the region’s stability grew. These reports outline the central bank’s response to recent economic disruptions.
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