Senate Confirms Powell For 2nd Term As Fed Fights Inflation

Jerome Powell was confirmed by the Senate for a second term with a strong bipartisan vote. Following his confirmation, Powell expressed concerns about high inflation and global economic instability, which could complicate efforts to avoid a recession. He mentioned that the Federal Reserve might struggle to achieve a 'soft landing'—reducing inflation without triggering a recession.

What was the Senate's vote count for the confirmation mentioned in the text?

What concerns did Powell express regarding the economy?

How might economic instability overseas impact the U.S. economy according to Powell?

What does 'soft landing' refer to in the context of the economy?

What are the potential consequences of high inflation as mentioned in the text?