[Powell: The Middle East situation affects oil prices, unclear what economic impact the current situation will have.] Odaily Planet Daily News - Federal Reserve Chairman Powell: The Middle East situation affects oil prices; policy is currently in a favorable position, allowing us to wait and observe how the situation develops. We do not know what economic impact the current situation will have. Inflation expectations appear to remain stable. Tend to overlook supply shocks but must pay attention to inflation expectations. (Jin10)