Powell: Fed Needs to Be 'Nimble' Amid Ukraine Crisis

The transcript discusses the heightened vigilance in financial institutions due to cyber risks associated with the Ukraine war. It highlights the importance of communication and preparedness against cyberattacks. The economic impact of Russia's invasion is also addressed, noting potential increases in commodity prices and inflation. The uncertainty surrounding these events requires alertness and adaptability in decision-making.

What measures are being taken to address cyber risks in financial institutions?

What is the significance of maintaining open communication with financial institutions during a crisis?

How might Russia's invasion of Ukraine affect commodity prices?

What are the potential effects of rising energy prices on the U.S. economy?

In what ways could consumer behavior change in response to economic uncertainty?