A US Federal Reserve official has expressed increasing concern over inflationary pressures stemming from the ongoing conflict in Iran, which is contributing to rising energy prices and supply chain disruptions. This warning comes as the central bank grapples with the implications of sustained inflation, which has already prompted discussions about potential adjustments to monetary policy. Meanwhile, the Bank of Korea has indicated that it may consider raising interest rates in response to persistent inflation that remains above target levels. These developments occur against a backdrop of extreme market sentiment, characterized by significant investor optimism and aggressive risk-taking. As inflation continues to be a focal point for central banks globally, the interplay between geopolitical tensions and domestic monetary policies could shape economic forecasts and market dynamics in the coming months.