Shock After Shock: Fed Fears Iran War May Fuel Higher Inflation

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. “We had the tariff shock, we had the pandemic, and now we have an energy shock.” Those were the words of Federal Reserve Chair Jerome Powell on Wednesday, underscoring how his term hasn’t exactly been a boring one. With his tenure as chair due to expire in May, it doesn’t seem destined to end on a humdrum note, either. Powell, who plans to stay in the role until a successor is confirmed, ...