'Very, very unlikely' Fed can tame inflation without sparking recession, former NY Fed chief says
CNN
The Federal Reserve helped rescue the economy from the worst pandemic in a century. That task may prove easy compared with the Fed's next mission: crush inflation, without causing a recession.
Achieving a so-called "soft landing" will be challenging because the jobs market is on fire. It's so hot that the unemployment rate may need to rise to get inflation under control.
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