Fed Raises Rates Amid Inflation Crisis Caused by War on Iran

Washington's ongoing war on Iran has led to disastrous consequences for its own economy, causing inflation to skyrocket and forcing the Federal Reserve central bank to raise its benchmark interest rate.

This move is likely to anger President Donald Trump, who has been critical of the Fed's previous rate hikes. However, as Press TV's Ramin Mazaheri notes, 'the war on Iran continues to backfire disastrously on its own economy, creating massive pain for the average American.'

The inflation crisis in the US is a direct result of the ongoing tensions with Iran, which have led to increased oil prices and a weakening dollar. This has resulted in higher costs for consumers, making everyday life more expensive.