Why Economists See Signs of ‘Soft Landing’ for US

By Rich Miller

US policymakers led by Federal Reserve Chair Jerome Powell have been trying since early 2022 to use higher interest rates to ease price pressures without causing the economy to contract — an ideal scenario that economists call a “soft landing.” History suggests that’s almost impossible to pull off. But with inflation falling and economic output growing, economists inside and outside the Fed are increasingly betting that policymakers might pull it off this time.