Jun 3, 2022
Federal Reserve Chairman Jerome Powell recently referred to a “soft-ish landing” as a potential outcome for monetary policy as the Fed raises rates to cut inflation. On the latest episode of the ABA Banking Journal Podcast — sponsored by IntraFi Network — ABA Economic Advisory Committee Chair Richard DeKaser offers the EAC’s consensus forecast that the Fed will indeed stick the landing, reducing inflation gradually without harming employment or causing a recession.
DeKaser, who is also chief corporate economist at Wells Fargo, also discusses the EAC’s outlook for the housing market, job openings and the labor force, and credit quality.