There's a vibe shift happening in the economy as people freak out over inflation and a possible recession
in the Washington Post about research he recently conducted at Harvard that showed"overheating conditions of high inflation and low unemployment are usually followed, in short order, by recession."started raising interest rates in March
as it looked to slow the economy and, in turn, ease inflation. Achieving that while avoiding slowing the economy too much will be an extremely difficult balancing act. Raising rates and removing pandemic-era aid too quickly could plunge the still-recovering economy into a new recession, but acting too slowly risks leaving inflation permanently higher.
Fed chair Jerome Powell has said there are"some grounds for optimism" that the central bank can achieve a"soft landing," in which inflation weakens and the unemployment rate stays at its historic lows. Others disagree, fearing it's too late for the Fed to have its cake and eat it too. "The Fed's application of its framework has left it behind the curve in controlling inflation," Bill Dudley, a Bloomberg Opinion columnist and former president of the New York Fed, said inMost Americans are more focused on more immediate issues at home —
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