Federal Reserve Governor Lisa Cook predicts a US soft landing with decreasing inflation and strong labor market.
Federal Reserve Governor Lisa Cook stated at the Australian Conference of Economists that she believes the US is on track for a soft landing, with inflation decreasing and the labor market remaining strong. Cook's baseline forecast suggests that inflation will continue to fall without a significant rise in unemployment. A soft landing is more likely when policy easing begins with inflation close to target and a firm growth backdrop.
July 11, 2024
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