Notes more part-time hiring, price rises concentrated in fuel/gasoline. First Beige Book since war shows economy starting to bear scars.

Fuel is the leading tip of the spear of inflation in the current situation.

Impossible to predict due to war duration. Experts at IMF week say markets acting prematurely; damage worse than expected. Oil prices will stay up longer; ceasefire won't bring them down, needs end of war and Strait of Hormuz traffic.

This could be an issue for the economy if people have no money for other spending, leading to slowdown.

Legally unclear; likely cannot fire without cause. If Warsh not confirmed by May 15, legal fight possible over chairmanship, but Powell stays on Open Market Committee.

Fed provided extensive answers on building allegations, but no charges brought.