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Powell says Fed is monitoring energy price spikes, but that it's limited in what it can do | Collector
Powell says Fed is monitoring energy price spikes, but that it's limited in what it can do
Local 4 WDIV Detroit

Powell says Fed is monitoring energy price spikes, but that it's limited in what it can do

Federal Reserve Chair Jerome Powell says it's important to closely monitor inflation amid a spike in energy prices from the Iran war as the average price for for gasoline nears $4 a gallon in the U.S. But he also said Monday, addressing students at Harvard University, that there isn't a lot Fed policymakers could do.

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