Oil prices have surged 55% during Jerome Powell’s tenure as Fed Chair

exchange68September 12, 2024

0 0 2 minutes read

WTI Crude oil hovers around $90 a barrel, exerting additional inflationary pressure on global central banks. Under Jerome Powell, the Federal Reserve has seen a 55% surge in oil prices – a trend surpassed only by a 200% spike in the 1970s. How will policymakers balance inflation control and post-pandemic economic recovery? …

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