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TechFlow News, March 19: Federal Reserve Chair Jerome Powell stated that the Fed’s latest round of forecasts is “a bit of a guess” given the uncertainties stemming from the Iran war. Powell remarked: “Many people have noted that if we were to skip one Summary of Economic Projections (SEP), this would be the best one to skip—because, given the uncertainties arising from the war, we simply cannot predict what will happen going forward.” (Jinshi)
Federal Reserve Chair Jerome Powell stated that the central bank’s latest round of forecasts is “a bit like guessing in the dark,” given the uncertainties stemming from the Iran war. Powell remarked: “Many people have noted that if we were to skip a Summary of Economic Projections (SEP), this would be the one to skip—because, given the myriad uncertainties caused by the war, we simply cannot predict what will happen going forward.” (Jin10)
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