Are We On the Brink of the Elusive Soft Landing?
In the intricate world of economics, maneuvering the vast U.S. economy without causing disruptions is likened to steering a colossal ship through a tempestuous storm. Since early 2022, U.S. policymakers, including Federal Reserve Chair Jerome Powell, have embarked on the challenging mission of curbing inflationary pressures through heightened interest rates, all the while avoiding economic contraction. This elusive equilibrium, historically challenging to achieve, is what economists fondly term a "soft landing."
The question that beckons is: are we on the brink of witnessing this rare economic feat?