Fed’s Powell Says Hard Landing Not a ‘Likely Scenario’

Fed chief warns of a balancing act between keeping rates high and cutting them prematurely.
Fed’s Powell Says Hard Landing Not a ‘Likely Scenario’
Federal Reserve Chairman Jerome Powell speaks during an interview with David Rubenstein in Washington on Feb. 7, 2023. Julia Nikhinson/Getty Images
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The U.S. economy is unlikely to endure a hard landing as inflation softens and growth remains solid, Federal Reserve Chair Jerome Powell said in a question-and-answer session at the Economic Club of Washington on July 15.

“I wouldn’t rule it out, but I would say that the kind of hard landing scenario is not the most likely or a likely scenario,” Mr. Powell said.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."