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March 31, 2026

Fed has eye on energy price spikes

CAMBRIDGE, Mass. (AP) — Federal Reserve Chair Jerome Powell says it's important to closely monitor inflation amid a spike in energy prices from the Iran war as the average price for gasoline nears $4 a gallon in the U.S.

But he also said Monday, addressing students at Harvard University, that there isn't a lot Fed policymakers could do.


 
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