The path to a “soft landing” doesn’t seem as smooth as it did four months ago.
April 13, 2024The economic news of the past two weeks has been enough to leave even seasoned observers feeling whipsawed.
Compared with the outlook in December, when the economy seemed to be on a glide path to a surprisingly smooth “soft landing,” the recent news has been disappointing.
And yet inflation, even accounting for its recent hiccups, has cooled significantly, while the rest of the economy has so far escaped significant damage.
“It seems churlish to complain about where we are right now,” said Wendy Edelberg, director of the Hamilton Project, an economic policy arm of the Brookings Institution.
Persons:
”, Wendy Edelberg
Organizations:
Hamilton, Brookings Institution