6/15/2022, 9:21 PM (Source: TeleTrader)
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Projections meet test of 'softish landing' - Powell

The United States Federal Reserve's latest set of economic projections "meet the test" of what a "softish landing" for the national economy would be, central bank Chair Jerome Powell said on Wednesday.

However, there is a bigger chance now that a potential soft landing would depend on factors that the Fed cannot control, such as spikes in commodity prices, he warned at a press conference.

The leader of the US central bank reaffirmed that the Fed will primarily look to reduce inflation to 2% again so a "sustainably strong labor market" could also return.

Baha Breaking News (BBN) / MS