Fed Chair Powell Says Middle East Events Are Affecting Gas Prices

Fed Chair Jerome Powell said Middle East tensions are pushing gas prices higher, adding that monetary policy is in a good place to wait. He warned that raising interest rates in response to an oil-driven shock could be counterproductive. Powell’s latest comments also reinforce the Fed’s view that supply-driven energy shocks do not respond well […] Read The Full Article Fed Chair Powell Says Middle East Events Are Affecting Gas Prices On Coin Edition.