Wosh said the Fed cannot influence individual commodity prices such as oil or groceries, but can and will use policy tools to prevent relative price moves from spreading into second- and third‑round inflationary effects. He made the remarks as U.S. diesel prices hit record highs amid the Iran war.

2026-09-17

Wosh said the Fed cannot influence individual commodity prices such as oil or groceries, but can and will use policy tools to prevent relative price moves from spreading into second- and third‑round inflationary effects. He made the remarks as U.S. diesel prices hit record highs amid the Iran war.