By Michael S. Derby
NEW YORK, March 22 (Reuters) - Federal Reserve Chairman
Jerome Powell said on Wednesday that while banking system stress
following the failure of Silicon Valley Banking has added
uncertainty to the outlook, it's still possible the economy may
not face a sharp downturn as the Fed works to contain inflation.
In terms of a soft landing for the economy, "There’s a
pathway to that and that path still exists," Powell said at his
news conference following the Federal Open Market Committee
meeting.
(Reporting by Michael S. Derby; Editing by Leslie Adler)
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