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Fed's Powell: Soft Landing Is Not a Baseline Expectation
Posted
September 20, 2023
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2,130
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September 20, 2023
2,130
57
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3.05%
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0:59Now PlayingFederal Reserve Chair Jerome Powell was careful not to set a soft landing expectation following the Fed’s latest announcement to leave its benchmark interest rate unchanged.
Powell said the FOMC’s goal is very much a soft landing, with little damage to the labor market, and called such an outcome plausible but hardly certain.
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