The odds of the U.S. avoiding a deep recession and achieving a “soft landing” are rising as the Federal Reserve tries to bring down inflation, but the economy isn’t out of the woods yet according to a key figure at the central bank.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, appeared on CBS’ “Face the Nation” Sunday and told host Margaret Brennan that he agrees with Fed economists who increasingly view the U.S. economy as likely to end this inflation cycle without a significant hit to the labor market.