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1/26, 9:02 PM (Source: TeleTrader)
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China, Ukraine crisis, COVID still pose risks - Powell

China's zero-COVID policy may cause more lockdowns and consequentially exacerbate the existing supply chain disruptions, which in turn contribute to price hikes, Federal Reserve Chair Jerome Powell warned on Wednesday.

Answering the reporters' questions after the central bank came out with its monetary policy decision, Powell added that the situation in eastern Europe can also be described as an upside inflation risk.

The central bank chair reiterated that the pandemic is not over, and underlined that the Fed's response will depend on the virus to a significant extent.

Baha Breaking News (BBN) / BU