"Powell stated, 'I would call that a soft landing,' referring to the economic conditions where growth was at 2.5 percent and inflation just above 2 percent."
"He emphasized that the Fed will monitor inflation expectations 'very, very carefully' before making any policy adjustments related to the Iran conflict."
Federal Reserve Chairman Jerome Powell visited Harvard, expressing confidence in the U.S. financial system's resilience. He stated the Fed will adopt a 'wait-and-see' approach regarding the economic effects of the Iran war. Powell reaffirmed the Fed's commitment to a 2% inflation target despite challenges from tariffs and geopolitical conflicts. He noted that a soft landing was achievable, with growth at 2.5% and inflation just above 2%. Powell indicated that the Fed typically does not react to short-lived energy supply shocks.
Read at Harvard Gazette
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