Brendan McDermid/Reuters The News
The Federal Reserve has begun its great descent from the monetary mountain, having threaded an historically small needle: Most steep rises in interest rates since World War 2 have ended in a recession. That could still happen in the US, but for now there are enough jobs for most people who want one, inflation has cooled, borrowing costs are falling, and the economy is growing.
Austan Goolsbee is the president of the Chicago Fed. Q&A Can we declare victory on a soft landing? That’s a little misleading because it connotes a stopping point. It was […]
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