Fed Chair Powell (Q&A) notes energy price impact on the US is less than in Europe or Asia

Newsquawk StaffFederal Reserve newsPublished 29 Apr 2026, 19:22 UTC

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19:05

Fed Chair Powell (Q&A) says Warsh has testified that he will stand up to President Trump, Powell will take him at his word

19:03

Fed Chair Powell (Q&A), asked if the Fed is divided, notes Committee has always had debates, and we are in an unusually difficult situation with four price shocks in recent history

19:02

Fed Chair Powell (Q&A) notes energy price impact on the US is less than in Europe or Asia

19:01

Journalist Mallick says "Slowly, gradually and rather at a snails pace, things seem to be moving in a certain direction, for the good that is."

19:00

Fed Chair Powell (Q&A) reiterates policy in a good place to move in either direction; no one is calling for a hike now; will depend on how the situation evolves

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If the situation goes on for longer, US will see it much more
Notes people are seeing high gas prices, and those might continue
Airline fares and other services depending on petroleum are going to start to see that

Context

Fed Chair Powell's remarks suggest that while energy prices are having a significant impact, the immediate effects on the U.S. economy are less severe compared to Europe or Asia. However, he cautions that sustained high energy prices could lead to rising costs in travel and services, which may have implications for inflation and Fed policy adjustments down the line.

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