The impact of developments in the Middle East on the US economy is uncertain, the head of the Federal Reserve said in a statement The post Jerome Powell: Oil price rally will lead to a rise in inflation in the short term appeared first on ProtoThema English.
The sharp rise in oil prices due to the war in the Middle East is expected to push U.S. inflation higher in the short term, Federal Reserve Chair Jerome Powell said today.
The implications of develo… [+667 chars]
