Recession: A Hard Landing or a Soft Landing?

Charles Schwab: We've been saying we're in some version of a rolling recession for more than a year now. Liz Ann Saunders: To me, best case scenario is a continued roll through where assuming services gets hit that you've got some offsetting stabilization. Charles Schwab: Given how far we've come, it may make sense to move rates higher, but to do so at a more moderate pace.