Washington, United States, March 18, 2026 (AFP) - US Fed chief expects higher energy prices to drive near-term inflation

NAMPA / AFP

2026-03-18

US Federal Reserve Chair Jerome Powell said Wednesday that he expected higher energy prices due to war in the Middle East to boost inflation in the near term, adding however that further economic implications remain uncertain. "The implications of events in the Middle East for the US economy are uncertain," Powell told a press briefing after the central bank kept its benchmark interest rates unchanged. "In the near term, higher energy prices wil......

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