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Fed is watching energy price spikes, but Chair Powell says bank is 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.

AP News

via AP News

March 31, 2026 | 3:58 PM UTCUpdated 1h ago

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Fed is watching energy price spikes, but Chair Powell says bank is limited in what it can do

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Fed is watching energy price spikes, but Chair Powell says bank is limited in what it can do

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