The CEO of Bank of America, Brian Moynihan, said that the financial giant no longer believes a recession is on the horizon for the American economy, hinting that the Biden administration and Federal Reserve have achieved a ‘soft landing’ after inflation troubles in recent years,” The Hill reports.
You can’t just avoid a recession infinitely, the economy is cyclical - it’s coming. People will debate about when right up to the day it’s official.
Not to mention “soft landing” implies the economy went down - e.g. a recession. So at best they’re saying things recessed softly?
Kinda wild to think we’re not already or still in one.
yeah. the afetrmath of the COVID recession, it is not a big mystery what they mean
Soft landing has been in reference to bringing inflation down and supply / demand back in balance.
A recession is in reference to economic growth, and the US has been fairly solid there.