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Not Clear To FOMC That Middle East Conflict Will Have Significant Economic Effects

  • Q: How is the Fed monitoring developments in the Middle East?
    • A: I wouldn't want to speculate too much - the Q there is does the war spread more widely and affect oil prices in particular, but oil prices haven't really reacted to this. It isn't clear to the FOMC that the conflict is on track to have significant economic effects.
  • Press conference concludes

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