Jerome Powell, chairman of the US Federal Reserve, in Nashville on Monday. Photo: Seth Herald/Bloomberg via Getty Images
During a visit to Nashville on Monday, Federal Reserve chair Jerome Powell previewed a slow-and-steady approach to lowering interest rates.
Why it matters: For now it looks likely that the U.S. economy could avoid a recession as inflation plunges and the labor market remains healthy. Powell signaled that lower rates could help guarantee a so-called "soft landing," but some risks remain.
