Powell: Policy is currently in a favorable position and can wait to see how the current situation develops.

BlockBeatNews

2026-03-30 14:51:21

BlockBeats message: On March 30, Federal Reserve Chair Jerome Powell said there is tension between the Fed’s two primary goals. Inflation caused by tariffs is a one-time price increase, which will raise the inflation rate by 0.5 to 1 percentage point. The situation in the Middle East affects oil prices; policy is currently in a favorable position, so it can be a wait-and-see approach to how the current situation develops. He tends to ignore supply shocks, but must watch inflation expectations. (Jin10)

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