Posted 1/3/2024, 2:46:43 PM
Fed Official Sees Path to Soft Landing But Risks Remain
- A soft landing for US economy is "increasingly conceivable but not inevitable," says Richmond Fed's Barkin
- Risks remain that could disrupt soft landing, like housing demand spurring inflation back up
- Fed's rate hikes may not have fully hit economy yet, could still trigger recession
- Barkin says focus should be on if inflation keeps falling, not Fed's rate forecast
- Recent data shows progress on inflation, economy "remained healthy," encouraging for dovish shift