-
Fed's Powell: Whether we can execute a soft landing or not may actually depend on factors that we don’t control
FED'S POWELL: WHETHER WE CAN EXECUTE A SOFT LANDING OR NOT MAY ACTUALLY DEPEND ON FACTORS THAT WE DON’T CONTROL.
— Breaking Market News (@financialjuice) May 12, 2022
-
Fed's Powell: Process Of Getting Inflation Down To Fed's 2% Goal Will 'Include Some Pain'
— LiveSquawk (@LiveSquawk) May 12, 2022
-
Powell repeats 50-bps hikes at next two meeting appropriate - BBG
— DailyFX Team Live (@DailyFXTeam) May 12, 2022
-
FED'S POWELL: ALLOWING HIGH INFLATION WOULD MEAN A MUCH DEEPER DOWNTURN.
— Breaking Market News (@financialjuice) May 12, 2022
-
Fed Chair Jerome Powell: “Whether we can execute a soft landing or not, it may actually depend on factors that we don’t control.”
After steering the U.S. central bank through an unprecedented series of challenges from the pandemic, Federal Reserve Chair Jerome Powell and the Federal Open Market Committee face another critical test: controlling the highest inflation in decades without tipping the economy into a recession. Last week, the Fed announced the biggest interest hike in 22 years and plans for reducing the Fed’s nearly $9 trillion balance sheet. “What we can control is demand, we can’t really affect supply with our policies,” Powell told Marketplace host Kai Ryssdal in an interview Thursday. “And supply is a big part of the ... (full story)