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FED: Chair Powell Acknowledges Two Sided Risks Regarding Soft Landing

FED
  • Q: You said you would cut rates before it falls to 2%, why not cut rates this summer just once to try to preserve the soft landing?
    • A: We're well aware of the two sided risks here. We understand that if we wait too long, that could come at the cost of economic activity, of employment, of the expansion. We understand that if we move too quickly, we could end up undoing a lot of the good that we've done, and have to then start over, and it could be very disruptive.  So we're extremely aware of both of those risks and just basically trying to manage them.
    • Our test has kind of been confidence on inflation, unexpected labor deterioration is another test.
    • We have the ability now to approach this question carefully and that's what we're doing.
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