Romeo Full StaffEconomy / Finance

Kitco News: Chances of a ‘Soft Landing’? Fed’s Powell No Longer as Optimistic

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Kitco NEWS Sep 21, 2022 Federal Reserve Chair Jerome Powell addressed chances of a recession and “restrictive” rate levels following a third consecutive 75-basis-point hike on Wednesday. Powell pointed out that a period of below-trend growth is very likely. “This is something we need to have,” he said, along with softer labor market conditions. “No one knows if this process will lead to a recession or how significant that recession will be. That is going to depend on how quickly price pressures come down … and whether we get more labor supply,” Powell added. “The chances of a soft landing…

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