By Michael S. Derby March 18 (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday the latest round of Fed forecasts are a bit of a shot in the dark given uncertainty created by the Iran war. Commenting on the Fed’s Summary of Economic Projections released with the Fed meeting outcome, Powell said: “This is […]
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Fed’s Powell says latest Fed forecasts are unusually uncertain
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By Michael S. Derby
March 18 (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday the latest round of Fed forecasts are a bit of a shot in the dark given uncertainty created by the Iran war.
Commenting on the Fed’s Summary of Economic Projections released with the Fed meeting outcome, Powell said: “This is one of those SEPs where a number of people mentioned, if we were ever going to skip an SEP, this would be a good one, because we just don’t know” what’s going to happen given uncertainties around the war.
(Reporting by Michael S. Derby; Editing by Chizu Nomiyama)