Fed's Powell flags anchored inflation expectations, uncertain outlook

NEW YORK, March 30 (Reuters) - Federal Reserve Chair Jerome Powell said on Monday longer-run inflation expectations appear to be holding in there despite the current energy shock, and the central bank does not yet need to make a decision on how to react to the latest troubles.

“Inflation expectations do appear to be well anchored beyond the short term,” Powell said at Harvard University. When it comes to the energy shock tied to the Iran war, “we don't know what the economic effects will be, but we'll certainly be mindful” of how that affects price pressures after being above the 2% target for so long.