‘If we were ever to skip an SEP, this is a good one' – Fed Chair Powell sees heightened uncertainty amid Iran war impacts

Group 1 - The article discusses heightened uncertainty in the economic landscape due to the impacts of the Iran war, which has led to fluctuations in oil prices and altered rate cut expectations [1][2] - Fed Chair Jerome Powell has addressed the economic risks associated with the current geopolitical tensions, indicating potential shifts in monetary policy [1][2] - There is an expectation of one to two rate cuts in the near future as economic growth is projected to decline and inflation is on the rise [2]