Fed Chair Powell (Q&A) says he does not have a forecast on oil prices in the event the conflict ends quickly

Powell's remarks indicate a measured approach regarding potential volatility in oil prices amid geopolitical developments. This lack of forecast suggests uncertainty in how quickly markets might adjust, which could affect inflation expectations and, consequently, monetary policy. Traders should keep an eye on crude dynamics, as any sharp moves could have cross-asset impacts, especially on the dollar and fixed income markets.