NEW YORK, April 20 (Reuters) - Wells Fargo WFC.N CEO Charlie Scharf said on Monday that lowering interest rates now before there is clarity about a potential end to the Iran conflict would be "the wrong thing to do."

"Until it's clear what the end is in sight, there's real risk out there," Scharf said. The Wells Fargo CEO said the U.S. consumer is still increasing spending, despite higher expenses with gas.