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)

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