Powell: Policy is currently in a good place; can wait and watch how the situation evolves
BlockBeats News, March 30th, Federal Reserve Chairman Powell stated that there is a tension between the Federal Reserve's dual mandates. Tariff-induced inflation is a one-time price increase that will push inflation up by 0.5 to 1 percentage point. The situation in the Middle East impacts oil prices; policy is currently in a favorable position, and it is possible to wait and see how the current situation develops. There is a tendency to ignore supply shocks but must pay attention to inflation expectations. (FXStreet)
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