Fed’s Powell says latest Fed forecasts are unusually uncertain

By Michael S. Derby

March 18 (Reuters) – Federal Reserve Chair Jerome ​Powell said ‌Wednesday the latest round of Fed forecasts are a bit of ‌a ​shot ⁠in the dark ⁠given uncertainty created by the Iran war.

Commenting on the Fed’s ​Summary of Economic Projections released ⁠with the ⁠Fed meeting outcome, ​Powell said: “This is ​one of those SEPs ‌where a number of people mentioned, if we were ⁠ever going to skip an SEP, this would ⁠be ‌a good one, ⁠because we ​just ‌don’t know” what’s ​going to ⁠happen given uncertainties around the war.

(Reporting by Michael S. Derby; Editing by Chizu ​Nomiyama)