Former Treasury Secretary Janet Yellen said the Iran conflict will hit US economic growth and increase inflationary pressures, making the Federal Reserve more reluctant to cut interest rates.

May 6 (Reuters) - U.S. stocks added to losses on Wednesday afternoon and the Dow sank into negative territory for 2015 after U.S. Federal Reserve Chair Janet Yellen warned of high valuations, adding ...

Janet Yellen warns the US-Iran war may lift inflation and delay the Fed rate cut as oil prices surge and economic risks grow.

Middle East conflict has posed a fresh test to central banks, with fears of an oil shock and renewed inflation risks changing their bid to shore up growth.