Jerome Powell Speech Today: Fed Chair Talked Interest Rates, Iran War, Private Credit, and More - Barron's

Federal Reserve Chair Jerome Powell said the Fed is inclined to look past rising oil prices rather than change interest rates, signaling how the central bank will manage economic fallout from external shocks. Kashkari’s recent shift toward expecting one rate increase this year shows some regional Fed officials are more concerned about current inflation pressures, even as the Chair urges caution about reacting to temporary oil moves. The comments highlight an internal balance between patience and readiness to tighten if inflation proves persistent.