POWELL SPEECH: I THINK WE CAN ACHIEVE A SOFT LANDING

Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee.

Key takeaways

"So far we have economy growing at solid pace, labor market still tight and strong."

"Inflation has come down sharply."

"These are very attractive conditions we want to continue."

"I think we can achieve a soft landing."

"We are using our tools to keep a strong labor market and strong growth while making progress on inflation."

"We are on a good path so far in being able to get there.