Svmuu News Fed Chair Powell: Middle East situation affects oil prices; policy is currently in a favorable position, allowing for waiting to see how the current situation develops.
We do not know what economic impact the current situation will have.
Inflation expectations appear to remain robust.
Inclined to ignore supply shocks, but must monitor inflation expectations. (Jin10)
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Powell: Middle East situation affects oil prices, uncertain what economic impact current situation will have.
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