中东战争

Trump ally warns US economy not strong enough to cope with Iran war

One-time pick to lead key statistics body EJ Antoni says inflation was ‘worse than we thought’ even before conflict

Donald Trump’s one-time pick to lead the Bureau of Labor Statistics has said the US economy is too weak to handle oil at $100 per barrel as he warned of rising consumer prices triggered by the war in Iran.

“I don’t think this is an economy that is going to be able to handle $100 a barrel for oil, it’s just not,” EJ Antoni told the FT. 

“The economy is weaker than we thought it was, and inflation is worse than we thought it was,” he added in a call on Wednesday, shortly before the Federal Reserve’s March rate-setting meeting. 

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