The US Federal Reserve is playing a waiting game as it tries to make a “soft landing” from its inflation battle. If it trips up, it could lead America into a recession.
Economists predict the US will avoid a recession but won t be certain until at least 2024. The Federal Reserve aims to navigate a path where the economy expands while inflation rates fall back to the 2% target, which is challenging.
Fed Chair Jerome Powell says he expects the central bank to navigate a path where the US economy expands with inflation rates falling back to the 2% target, though the task will be challenging.
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