Powell: Long-term Inflation Expectations Remain Steady; No Need to Rush to Address Energy Shock.

On March 30, Federal Reserve Chair Jerome Powell stated on Monday that despite the ongoing energy shock, long-term inflation expectations still appear stable, and the Fed does not need to make any decisions yet on how to respond to the latest developments.
Speaking at Harvard University, he said: "Short-term inflation expectations still seem solid." Regarding the energy shock related to the conflict with Iran, he added: "We do not yet know the specific impact on the economy, but since inflation is always above 2%, we will closely monitor its effect on price pressures."