Trend > News > Fed's Powell: 'Soft landing' chances have narrowed
Fed's Powell: 'Soft landing' chances have narrowed
There remains a chance that the U.S. economy can escape a recession as the Federal Reserve raises interest rates to lower inflation, but that window of opportunity for a "soft landing" has narrowed this year as price pressures have been slow to ease, Fed Chair Jerome Powell said on Wednesday.

Fed's Powell: 'Soft landing' chances have narrowed

There remains a chance that the U.S. economy can escape a recession as the Federal Reserve raises interest rates to lower inflation, but that window of opportunity for a "soft landing" has narrowed this year as price pressures have been slow to ease, Fed Chair Jerome Powell said on Wednesday.