Since the Federal Reserve (Fed) began raising rates in response to high inflation in March 2022, it has been trying to achieve a “soft landing”—a return to low inflation while maintaining moderate economic growth.
By contrast, a majority of private sector economists had, until recently, predicted that the Fed’s actions would result in a “hard landing”—a recession—in 2023.
Format: |
|
Topics: | |
Website: | Visit Publisher Website |
Publisher: | Congressional Research Service |
Published: | December 11, 2023 |
License: | Public Domain |