Fed's Powell Sees Path to 'Soft or Softish' Landing

The transcript discusses the concept of a 'soft landing' in economics, where unemployment rises slightly without leading to a recession. It explains that while achieving a soft landing is challenging, it remains possible if economic indicators such as inflation and labor market conditions improve. The speaker notes that unexpected rate hikes and persistent inflation have narrowed the path to a soft landing, but positive economic data could still make it achievable.

What does the speaker suggest about the likelihood of achieving a soft landing based on historical context?

What are the implications of inflation data on the path to a soft landing according to the speaker?