U.S. Fed Is No Stranger To Oil Crises. But This Time Could Be Different

15 Mar 2026 | Abstracted from CNN

The U.S. Federal Reserve faces its toughest oil shock in decades as Trump's war with Iran drives crude to $120, threatening both inflation and growth. Unlike past crises, today's economy is already fragile: high prices risk slowing hiring while raising costs for households. The Fed may be forced to balance inflation control against recession risks, making its next move unusually uncertain.

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