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Chair of the Federal Reserve, Jerome Powell delivers remarks at Harvard University | US Market LIVE | CNBC TV18 Credit: Harvard University VIA AP Federal Reserve Chair Jerome Powell speaks on Monday at an introductory macroeconomics class at Harvard University, where his remarks will draw scrutiny for how he may answer the classic textbook question: how does a central bank respond to a shock that simultaneously feeds inflation and slows the economy? The Fed may face just that dilemma as the Iran war enters its fifth week and U.S. gasoline prices rise to around $4 a gallon. At the time Powell said he would want to see tariff-driven inflation in goods prices subside before even getting to the question of whether the central bank ought to ignore any rise in inflation stemming from the Iran war, or to respond to it with tighter monetary policy to keep inflation from spiralling upward. Since then, investors' inflation concerns have contributed to a rise in Treasury yields, and a University of Michigan survey, opens new tab showed a jump in household price expectations in both the coming year and farther out. Other measures, including a widely watched market-based gauge, have been more sanguine. #federalreserve #jeromepowell #interestrates #trump #usmarketnews #cnbctv18 #livestream