Here’s a full recap of the Fed’s 0.75 percentage point rate hike and Powell’s comments

Federal Reserve Chair Jerome Powell said it is still possible for the central bank to achieve a “soft landing,” in which the Fed brings down inflation without causing a recession.

“I think what’s in the SEP would certainly meet that test,” Powell said, referencing the Fed projections that show inflation nearing 2% with inflation just over 4% in 2024.

The Fed chair did say that the central bank…