Asian Spectator

Fed hopes for ‘soft landing’ for the US economy, but history suggests it won’t be able to prevent a recession

  • Written by Alex Domash, Research Fellow, Harvard Kennedy School
Fed hopes for ‘soft landing’ for the US economy, but history suggests it won’t be able to prevent a recessionA soft landing may out of the Fed’s reach.Oliver Furrer/Stone Getty Images

The Federal Reserve will likely soon learn what gymnasts already know: sticking a landing is hard.

With inflation surging to a new 40-year high and continuing to accelerate, the Fed is expected to lift interest rates by a half-percentage point at the end of its next...

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