The Fed Bets on a ‘Soft Landing,’ but Recession Risk Looms - The New York Times

Central bankers have been clear that they will do what it takes to control inflation. They are betting on a soft landing, but a bumpy one is possible.

The Fed has touched off recessions with past rate increases: It happened in the early 1980s, when Paul Volcker raised rates in a campaign to bring down very rapid inflation and sent unemployment rock… [+1476 chars]

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