Powell: Achieving Soft Landing 'Very Challenging'

The transcript discusses the challenges of achieving a soft landing for the economy amidst recent global events like war and supply chain issues. It highlights the impact of external factors on economic measures and the risk of slowing down the economy without reducing prices. The importance of restoring price stability to prevent high inflation from affecting lower-income groups is emphasized, with a goal of returning to 2% inflation for a healthier labor market.

What risks are associated with the measures being taken to control inflation?

In what ways does the speaker suggest that external factors may affect economic stability?