By 
Federal Reserve Chairman Jerome Powell on Tuesday stressed his resolve to curb inflation but said the central bank could achieve a “softish landing” for the U.S. economy rather than a severe downturn.
“There are a number of plausible paths to having.. a softish landing,” Powell said, during a moderated discussion at a Wall Street Journal event.
Powell said a softish landing was like a bumpier aircraft descent that all frequent fliers have experienced.
Powell said “there could be some pain” for Americans as the Fed moves resolutely to bring down inflation.
U.S. stocks
DJIA,
+1.08%
SPX,
+1.62%
remained in solid positive territory after Powell finished speaking. The yield on the 10-year Treasury note
TMUBMUSD10Y,
2.958%
rose to just below 3%.
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