Powell: Long-Term Inflation Expectations Anchored, No Immediate Rush to Address Energy Shock

BlockBeats News, March 30, Federal Reserve Chairman Powell said Monday that despite the ongoing energy shock, long-term inflation expectations appear to remain stable, and the Fed is not yet ready to decide on how to respond to the latest situation. He said at Harvard University: "Inflation expectations beyond the short term still seem solid." Referring to the energy shock associated with the Iran war, he said: "We are still unsure of its specific impact on the economy, but given the long-standing inflation target above 2%, we will closely monitor its effects on price pressures."