Powell: 'No one' knows what impacts of war will be

• Powell acknowledges significant uncertainty about the economic impacts of war (U.S.-Iran war, as per description).
• The U.S. economy is described as having solid growth and performing 'pretty well'.
• Inflation overshoot is primarily attributed to goods and tariffs.
• The labor market is stable, with the unemployment rate little changed since September.

Jerome Powell states that 'no one' knows the full impacts of war on the economy, particularly regarding oil prices. Despite this uncertainty, he characterizes the U.S. economy as having solid growth and doing 'pretty well', with inflation mainly driven by goods and tariffs, and a stable labor market.