Geopolitical tensions could be a problem for the Federal Reserve, according to Golden Ten News. Julie Biel, market strategist at asset manager Kayne Anderson Rudnick, said the potential rise in oil

Geopolitical tensions could be a problem for the Federal Reserve, according to Golden Ten News. Julie Biel, market strategist at asset manager Kayne Anderson Rudnick, said the potential rise in oil prices could offset some of the recent progress on inflation. “It would make them hesitant,” Biel said of the Fed. She said oil prices have a huge impact on consumer confidence and are a risk the Fed can't control. That adds to potential price pressures from the port strike. These developments could exacerbate Wall Street's concerns about inflation and “make it harder for the Fed to cut rates as much as people would like.