What would a soft landing look like? Inflation would remain at or adequately close to the Fed’s 2% target for a sustained period while employment and economic output would increase at rates low enough not to put upward pressure on prices but also high enough to avoid recession.
Many economists and commentators have been popping champagne corks and toasting the US Federal Reserve for having steered the economy toward a soft landing.
There is just one problem: the plane has not landed yet.
