Janet Yellen Keeps Fed Cut Hopes Alive As Iran War Roils Markets— 'If I Had To Write One Thing Down...'

Former U.S. Treasury Secretary Janet Yellen said she still sees the possibility of one Federal Reserve rate cut later this year, even as the Iran war fuels an oil-driven inflation shock that is complicating the central bank's outlook. Speaking at the HSBC Global Investment Summit in Hong Kong on Wednesday, Yellen said the Fed remains open-minded despite rising near-term inflation expectations. “If I had to write one…