On the recordJune 22, 2025
What's tended to happen is when there's turmoil in the Middle East, you may see a spike in energy prices.
Source
usatoday.comWhat's tended to happen is when there's turmoil in the Middle East, you may see a spike in energy prices.
Powell discusses the potential impact of Middle East turmoil on energy prices.
Share
More from Jerome Powell
We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
Tariffs this year are likely to push up prices and weigh on economic activity.
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.