Episode Details

Federal Reserve Chair Jerome Powell weighs the impact of the oil price surge from the Iran war, considering how long the shock lasts and its effect on inflation. Historically, the Fed has often ignored one-off energy spikes if inflation stays in check, but past crises show it sometimes shifts focus. Fed leaders are weighing risks closely, with analysts at Deutsche Bank expecting the Fed to pause rate changes for now. However, sustained oil prices around one hundred dollars a barrel or higher could drag consumer spending and enter a danger zone for the economy. President Trump predicts the Strait of Hormuz will reopen soon, sending oil prices tumbling. The Fed remains flexible, eyes glued on these fast-moving developments.

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