For months, Powell has argued that a soft landing – the sweet spot between curbing inflation without crushing growth – is possible, but he seemed to abandon that stance on Wednesday.. Speaking ...

Powell said he felt the US was still heading towards a so-called soft landing where the Fed’s inflation target is met without a punishing rise in the unemployment rate, which is currently at 4.1%.

Jerome Powell says it’s not up to him to predict if the U.S. will stick a soft landing, though economists say the Federal Reserve is signaling it’s expecting just that.

During Wednesday’s post-FOMC meeting press conference, Powell was asked if he still sees a path for a soft landing for the economy, with continued growth and inflation back at the bank’s 2% ...

Federal Reserve Chairman Jerome Powell said the path to achieve a "soft landing" has narrowed because the Fed hasn’t seen inflation coming down. A soft landing -- or a situation where the Fed ...

Federal Reserve Chair Jerome Powell said Wednesday that while he has always believed that a so-called soft landing was a “plausible outcome,” for the economy, it isn’t guaranteed and that he ...

People were glum about the prospects for a gentle landing partly because they thought the Fed had been late to react to rapid inflation. Mr. Powell and his colleagues argued throughout 2021 that ...

Signs that inflation has yet to release its grip on markets have simmered for weeks. Now they’re boiling over after Wednesday’s hotter-than-forecast consumer price index sent stocks and bonds ...

Also, Fed Chair Powell testified that the central bank remains focused on getting inflation to its 2 percent target. It plans to keep rates high and maybe even raise them further.

It doesn’t really matter. Getting inflation down to even 4%, as former Chair Paul Volcker did in the 1980s, after a similar period of Fed indiscipline and tight oil markets, will be terribly tough.

Powell said he felt the US was still heading towards a so-called soft landing where the Fed’s inflation target is met without a punishing rise in the unemployment rate – an achievement many ...