Powell Says Fed Will Wait to Assess Iran War Impact
Jerome Powell says the Fed can wait to see how the Iran war affects the economy. He noted that policymakers typically look through temporary energy shocks.
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Federal Reserve Chair Jerome Powell stated on Monday that the central bank is prepared to monitor the economic consequences of the conflict in Iran before adjusting its current policy stance. During a presentation to a macroeconomics class at Harvard University, Powell explained that policymakers generally look past temporary economic shocks, such as those caused by fluctuations in oil prices.
