Fed's Powell: Soft Landing Possible, Must Move Carefully

The transcript discusses the concept of a soft landing in economic terms, exploring its feasibility and the challenges involved. It emphasizes the importance of restoring price stability and achieving a strong labor market. The speaker highlights the need for careful progress and acknowledges that some factors are beyond control, concluding with a cautious outlook on the likelihood of achieving these goals.

What does the speaker suggest about the likelihood of a soft landing?

• It is a guaranteed outcome.

• It is a plausible but uncertain outcome.

• It is an unlikely outcome.

• It is the only possible outcome.

What does the speaker imply about the factors affecting the path to a soft landing?

• They are entirely within control.

• They are irrelevant to the outcome.

• They are predetermined and fixed.

• They may be outside of control.

Why does the speaker emphasize the need to restore price stability?

• To increase inflation rates.

• To decrease employment rates.

• To reduce government spending.

• To ensure a strong labor market.

According to the speaker, what allows for careful decision-making in economic policy?

• The lack of public interest.

• The unpredictability of external factors.

• The progress made so far.

• The need for rapid changes.

What is the ultimate goal mentioned by the speaker in terms of labor market conditions?

• A temporary boost in economic growth.

• A reduction in labor market participation.

• A sustained period of strong labor market conditions.

• A short-term increase in employment.