Russia’s attack on Ukraine is fueling geopolitical risk that may push the Federal Reserve away from a more aggressive interest rate increase in March.
Fed officials, who are still eager to begin the process of paring back pandemic-era easy money policies, say they are monitoring any spillover effects of the conflict onto U.S. economic activity.
“These create a lot of uncertainty and uncertainty, as we know, is a demand shock,” San Francisco Fed President Mary Daly told reporters on Feb….
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