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Former Powell adviser: Middle East situation is Fed's "main variable"
The situation in the Middle East is becoming a "major variable" for the Federal Reserve. Jon Faust, a fellow at the Johns Hopkins Center for Financial Economics and a former senior adviser to Federal Reserve Chairperson Jerome Powell, said that the Iran conflict "could lead to a spike in oil prices, a collapse in market confidence, and even a trigger for an economic recession," but its ultimate impact remains elusive.
2025-06-16 04:06:14
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