The Fed can “wait and see how that turns out” before acting on inflation from the Iran war, said Federal Reserve Chair Jerome Powell CAMBRIDGE, Massachusetts: Fed eral Reserve Chair Jerome Powell on Monday (Mar 30) said the US central bank can wait to see how the Iran war affects the economy and inflation, noting that policymakers typically look through shocks such as those from higher oil prices. "We feel like our policy's in a good place for us to wait and see how that turns out," Powell said

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