Powell sees inflation outlook in check, no need to hike rates because of oil shock

• Federal Reserve Chair Jerome Powell said that he sees inflation expectations as being grounded, even as energy prices rise.
• In the near term, the right move is to look beyond the short-term gyrations of the energy market and concentrate on the Fed’s goals of stable prices and low unemployment, Powell said.
• The central bank leader said that the current shake-up in the private credit space doesn’t seem to have the makings of a broader systemic event.

Source: https://www.cnbc.com/2026/03/30/powell-sees-inflation-outlook-in-check-no-wider-crisis-yet-in-private-credit.html