Powell Says Fed Can Look Past Oil Shock, but Warns Patience Has Limits

Core Viewpoint - The Fed chair indicated that energy disruptions are typically short-lived but emphasized that the central bank cannot assume this will always be the case, especially in the context of prolonged elevated inflation [1] Group 1 - Energy disruptions are generally temporary in nature [1] - The central bank's caution stems from the experience of sustained high inflation over recent years [1]