Powell says US economy resists energy shock as growth stays above 2 percent despite Iran tensions

Published on 30 April 2026

Energy prices hit, yet Powell still forecasts steady growth

Federal Reserve Chair Jerome Powell said the US economy is showing resilience despite an energy price shock tied to geopolitical tensions involving Iran. According to Reuters, Powell expects growth to stay above 2%, suggesting the impact of higher energy costs hasn’t derailed the broader economic momentum. The remarks come as markets weigh the path of inflation and policy.

Powell links the energy shock to Iran driven geopolitical tensions
US economy is showing resilience despite rising energy costs
Powell expects growth to remain above 2 percent
Markets will watch implications for inflation and Fed policy

#market outlook #geopolitics #federal reserve #us economy #energy prices

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Powell says US economy resists energy shock as growth stays above 2 percent despite Iran tensions

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