Blanchard and Summers clash with Fed over soft landing

US Federal Reserve, Washington, DC

Several economists took aim at the Federal Reserve’s planned ‘soft landing’ in a scathing article published on August 1.

Olivier Blanchard, Larry Summers and Alex Domash – all affiliated with research organisation the Peterson Institute – say there must be a palpable and uncomfortable rise in US unemployment to bring down inflation. They dismissed the idea of a soft landing as unfeasible.

“We understand the desire of senior officials to hold out the soft landing prospect of a return to target

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