Asian Spectator

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Federal Reserve’s ‘soft landing’ goal has become bumpier with rate hike plan hit by bank turbulence

  • Written by Ryan Herzog, Associate Professor of Economics, Gonzaga University
Federal Reserve’s ‘soft landing’ goal has become bumpier with rate hike plan hit by bank turbulenceA recession-free landing for the Fed may be harder now.AP Photo/Alex Brandon

Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the U.S. into recession.

But the...

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