Fed hopes for ‘soft landing’ for the US economy, but history suggests it won’t be able to prevent a recession
By Alex Domash, Research Fellow, Harvard Kennedy School
Lawrence H. Summers, Charles W. Eliot University Professor, Harvard Kennedy School
The Federal Reserve is expected to lift interest rates a half point at its next meeting and more in the coming months, but it may be too late to forestall an economic downturn.
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- Monday, May 2nd 2022