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Jerome Powell, the Chair of the Federal Reserve, affirmed that long-term inflation expectations in the United States remain under control, with close monitoring by the board. This comes as the impact of the ongoing conflict between the US, Israel, and Iran is being assessed.
Jerome Powell, the Chairman of the U.S. Federal Reserve, stated that long-term inflation expectations appear stable despite changing global economic conditions. He made these remarks during an event at Harvard University, emphasizing the Fed's close monitoring of the situation amid tensions from the ongoing conflict between the U.S. and Israel against Iran.