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Jan Hatzius on the Narrow Path to Avoid a Hard Landing
Odd Lots
Can We See Inflation Get Back to Two Percent?
Can we see inflation get back to, if not two %, something in that vicinity, without incurring a painful recession? I think it's possible, and i do think that there is, there is a path towards yet al something like two per centth. The labor market continues to be very overheated. We have close to 11 million open positions andnot less than six million unemployed workers. That's still very large gap, basically unprecedented, both in absolute terms and relative to the size of the population in post war history.
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