Federal Reserve Chairman Jerome Powell said Wednesday it was "too soon" to assess the economic consequences of the ongoing war in Iran."The implications of events in the Middle East for the U.S. economy are uncertain. In the near term, higher energy prices will push up overall inflation, but it is too soon to know the scope and duration of the potential effects on the economy. We will continue to monitor the risks to both sides of our mandate," Powell said.He said the broader economic fallout remains uncertain, though rising energy costs are likely to lift inflation in the near term."The U.S....
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