Powell sees inflation outlook in check, no need to hike rates because of oil shock
By CNBC
April 3, 2026, 9:11 PM EST
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CNBC: Federal Reserve Chair Jerome Powell believes inflation expectations are stable despite rising energy prices, indicating no need for higher interest rates.
Transformation: Federal Reserve Chair Jerome Powell discussed at Harvard University how inflation expectations remain steady despite energy price increases, suggesting that the Fed doesn’t need to raise interest rates. Powell also avoided discussing long-term interest rate direction and his successor’s preferences.
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