Powell: Achieving Soft Landing 'Very Challenging'

The transcript discusses the challenges of achieving a soft landing for the economy amidst recent global events like war and supply chain issues. It highlights the impact of external factors on economic measures and the risk of slowing down the economy without reducing prices. The importance of restoring price stability to prevent high inflation from affecting lower-income groups is emphasized, with a goal of returning to 2% inflation for a healthier labor market.

What is the primary goal discussed in the first section regarding the economy?

• Reducing war impacts

• Enhancing supply chains

• Increasing commodity prices

• Achieving a soft landing

Which factor is mentioned as being beyond control in managing economic challenges?

• Technological advancements

• War and commodity prices

• Supply chain improvements

• Government policies

What is a potential risk of the measures being taken to control costs?

• Increasing inflation

• Slowing down other parts of the economy

• Boosting employment rates

• Enhancing economic growth

What is the main concern if price stability is not restored?

• Increased commodity prices

• Higher income for all

• High inflation becoming entrenched

• Improved labor market

Why is achieving 2% inflation important according to the final section?

• To increase commodity prices

• To protect lower-income individuals

• To enhance supply chains

• To reduce government spending