Fed’s Powell Says Ukraine War Creates Risks of Higher Inflation

Wall Street Journal, Mar. 3, 2022–Nick Timiraos (subscription)
Because of Russia’s role in global energy and other commodity markets, “we’re going to see upward pressure on inflation at least for a while,” Federal Reserve Chairman Jerome Powell told the Senate Banking Committee on Thursday.
https://www.wsj.com/articles/feds-powell-set-to-discuss-rate-rise-plans-with-senate-lawmakers-11646303401?mod=hp_lead_pos4