Powell: Fed may not achieve ‘soft landing’

Fed Chair Jerome Powell speaks at a news conference at the Federal Reserve, May 4, in Washington. Powell acknowledged that a “soft landing” may be harder to achieve than previously thought. (AP Photo: Alex Brandon)

May 13, 2022
3:44 pm

Federal Reserve Chair Jerome Powell acknowledged for the first time Thursday that high inflation and economic weakness overseas could thwart his efforts to avoid causing a recession.

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