Yellen: Refuses to Define US-Iran Conflict as ‘War,’ Once Again Urges Fed to Cut Rates

BlockBeats News, September 4th - Today, U.S. Vice President Pence stated that despite recent clashes between the U.S. and Iran, he does not consider the current situation to be a "war" and did not provide a clear timeline for the end of the conflict. Pence said the U.S. has concluded its major military operations against Iran and is now focused on ensuring Iran cannot further disrupt commercial oil shipping; as long as Tehran continues to attack commercial shipping, the U.S. will not engage in negotiations.

At the same time, Pence once again urged the Fed to cut interest rates, stating that lowering rates would help improve U.S. housing affordability. He also said the White House is taking steps to push down rates, and "it would be even better if the Fed could help." This contrasts with recent statements by Fed Chair Kevin Wash emphasizing controlling inflation and lowering the inflation rate to the 2% target.