Powell: The Middle East situation affects oil prices, but it's unclear what economic impact the current situation will have.

SmartContractAuditor · 2026-03-30T14:56:12+00:00

Odaily Planet Daily: Federal Reserve Chair Powell states that the Middle East situation affects oil prices; policies are currently in a favorable position and can wait to observe how the current situation develops.We do not know what economic impact the current situation will have.Inflation expectations still seem to be stable.Tend to ignore supply shocks, but must pay attention to inflation expectations.

SmartContractAuditor

2026-03-30 14:56:12

Odaily Planet Daily reports. Federal Reserve Chair Jerome Powell: The situation in the Middle East is affecting oil prices; policy is currently in a favorable position, so we can wait and see how the current situation develops.

We don’t know what kind of economic impact the current situation will have.

Inflation expectations still seem steady.

I’m inclined to ignore supply shocks, but we must watch inflation expectations. (Jin10)

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