Episode Details

Federal Reserve Vice Chair Philip Jefferson warns that the Middle East conflict could temporarily boost inflation due to increased energy prices, potentially affecting families budgets and job market stability. He emphasizes the need to monitor global energy markets and the situation overseas, as prolonged oil shocks could raise long-term inflation expectations. Despite uncertainty, the economy is expected to grow at a similar pace to last year, with the Fed closely watching energy jumps and trade policies before making any decisions.

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