Speculation over the type of landing the U.S. economy will make has been rife for a while, and may continue for months yet.
The options include a hard landing, a soft landing, or no landing. Those signify three different scenarios—a sharp economic downturn, a slow return to lower inflation rates without much economic damage, or an economy and inflation that stay hot for a while later.
Treasury Secretary Janet Yellen has had her say again today, and sees a soft landing as being a possible outcome. That’s down to the strong labor market and falling inflation, according to comments she made at the sidelines of the G20 meeting of finance ministers in India Friday.
She did note, however, that there’s still work to be done to bring down inflation.
Source: www.barrons.com
