Fed Contends With Iran War Uncertainty

We heard from the Federal Reserve and from Chair Powell this week, and maybe the headline is the uncertainty because of the war in Iran. He was very careful in saying "We don't know what the effects will be, big, small or in between. " How does one make policy in the face of that kind of uncertainty? -Well, you know, writ large, that's the job of the Fed generally. The Fed is always in a position of uncertainty. That uncertainty may be greater from moment to moment. It's obviously at a fairly high level now ...