Jerome Powell, Interview: CNBC

“Well, so first of all, you asked about a soft landing. Basically that’s our goal. Our goal is to use our tools to get demand and supplied back in sync, so that inflation moves down and do so without a slowdown that amounts to a recession. That’s our goal and I don’t think you’ll hear anyone at the Fed say that’s going to be straightforward or easy. It’s going to be very challenging. We’re going to do our very best to accomplish that.”

“That points in the direction of 50 basis points being on the table. Certainly we make these decisions at the meeting and we’ll make them meeting by meeting, but I would say that 50 basis points will be on the table for the May meeting.”