The Recession Cure Divides Economists
No one seems to agree one way or the other. But many economists and lawmakers balk at the idea, arguing that the so-called cure for a recession would be far worse than the disease of inflation. Certainly, the Fed would like to avoid both. It aims for a “soft landing” in which it raises rates enough to slow demand without completely suffocating it. That would be the ideal outcome, although the Fed itself admits that the prospect of holding the landing is becoming increasingly difficult....