Federal Reserve Chairman Jerome Powell is facing increasing pressure to achieve a "soft landing" for the economy, meaning reducing inflation without causing a recession. He is also dealing with challenges such as the sovereign debt crisis and labor markets changing due to technology. His future statements will determine not only the fate of the U.S. economy but also global financial stability.
In short, Jerome Powell's remarks represent a roadmap for monetary policy in a volatile world, where the most influential institution in the global economy is trying to achieve the difficult equation: curbing inflation while maintaining job opportunities and supporting sustainable growth.