--- title: "Oil prices soar \"no need to panic\"? Morgan Stanley directly confronts the Federal Reserve: don't think you can fool the market, inflation will eventually impact employment" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/279710604.md" description: "Bob Michele of JPMorgan questioned the Federal Reserve's \"no need to panic\" signal amid rising oil prices and escalating geopolitical risks, believing that inflation will have a substantial impact on the labor market. Former Federal Reserve Vice Chairman Richard Clarida pointed out that the Federal Reserve needs to redefine the current inflationary pressures and mentioned the impact of geopolitical risks and artificial intelligence on the economy. Michele also mentioned the issue of Powell's term, believing that his continued tenure would help stabilize the market" datetime: "2026-03-19T02:52:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279710604.md) - [en](https://longbridge.com/en/news/279710604.md) - [zh-HK](https://longbridge.com/zh-HK/news/279710604.md) --- > 支持的语言: [English](https://longbridge.com/en/news/279710604.md) | [繁體中文](https://longbridge.com/zh-HK/news/279710604.md) # Oil prices soar "no need to panic"? Morgan Stanley directly confronts the Federal Reserve: don't think you can fool the market, inflation will eventually impact employment According to the Zhitong Finance APP, Bob Michele, the Global Head of Fixed Income at JPMorgan Asset Management, stated that in the face of soaring oil prices and escalating geopolitical risks due to the Iran conflict, the Federal Reserve has conveyed a message to the market of "no need to panic." After the Federal Reserve announced on Wednesday that it would keep interest rates unchanged, Michele mentioned in an interview that the U.S. economy is experiencing a "short-term inflationary shock," which could actually accelerate economic growth. He admitted to being "shocked" by the Fed's decision. "They are trying to reassure the market that there is no need for concern," Michele said, but he quickly added that he does not buy it: "Inflation will ultimately be substantively affected, and the labor market will also be hard to escape." Former Federal Reserve Vice Chairman and current Global Economic Advisor at Pacific Investment Management Company (PIMCO), Richard Clarida, believes that the Federal Reserve needs a new term to replace "transitory" to describe the current inflationary pressures. He pointed out that the trend in crude oil futures indicates that price increases will gradually dissipate over time. "In short, no one, including the Federal Reserve, knows how long high inflation will last." Clarida described the overall policy stance of the Federal Reserve as "dovish" and "constructive," but also acknowledged that geopolitical risks pose a significant threat to the inflation outlook. He also mentioned that the widespread application of artificial intelligence (AI) in the economy is one of the factors considered in the Fed's policy. Michele also pointed out that whether Federal Reserve Chairman Jerome Powell will remain in office after his term ends in May is still a focus of market attention. "Personally, I think he will stay until after the midterm elections," Michele stated, even if Powell is no longer the chairman at that time, "his continued presence could bring market stability." Powell's term is becoming a litmus test for the independence of the Federal Reserve. Previously, President Trump urged the Justice Department to investigate the Fed's headquarters renovation project and Powell's related remarks. At Wednesday's press conference, when asked about future plans, Powell stated that he has not yet decided whether to serve as a member of the Federal Reserve Board until January 2028 ### 相关股票 - [ISHRS Us Brokers & Sec Exchg (IAI.US)](https://longbridge.com/zh-CN/quote/IAI.US.md) - [Fidelity MSCI Financials Index (FNCL.US)](https://longbridge.com/zh-CN/quote/FNCL.US.md) - [Financial Select Sector SPDR Fund (XLF.US)](https://longbridge.com/zh-CN/quote/XLF.US.md) - [JPMorgan Chase (JPM.US)](https://longbridge.com/zh-CN/quote/JPM.US.md) - [VG Financial (VFH.US)](https://longbridge.com/zh-CN/quote/VFH.US.md) - [Defiance Daily Target 2X Long JPM ETF (JPX.US)](https://longbridge.com/zh-CN/quote/JPX.US.md) ## 相关资讯与研究 - [10-year Treasury yield slips under key level as falling oil prices calm inflation worries](https://longbridge.com/zh-CN/news/279162572.md) - [Fed Making Hawkish Pivot, BlackRock's Rosenberg Says](https://longbridge.com/zh-CN/news/279670459.md) - [Kolibri Global Energy Brief: Says "Significant" Increase In Oil Prices in March 2026 "Should Further Improve Our 2026 Results"](https://longbridge.com/zh-CN/news/279772341.md) - [US-based StoneX proposes $320 million acquisition of London-listed CAB Payments](https://longbridge.com/zh-CN/news/279223819.md) - [How Investors Are Reacting To JPMorgan Chase (JPM) Tightening Private Credit Exposure And Reshaping Funding Mix](https://longbridge.com/zh-CN/news/279119355.md)