Fed Holds Rates Steady, but Says Iran War Causing Economic Uncertainty
P.M. Edition for Mar. 18. At its meeting that concluded today, the Federal Reserve held interest rates steady. Journal economics reporter Matt Grossman discusses how officials preserved a path to cutting rates this year, despite the risk that the war with Iran might contribute to inflation. Plus, U.S. stocks fall after Fed Chair Jerome Powell says rising oil prices could hurt U.S. growth, while oil prices rise on news of attacks on key energy infrastructure. And a U.S. Marine Corps unit is expected to arrive in the Middle East next week. We hear from WSJ national security reporter Lara…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.