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Is There a Soft Landing in Inflation?
Sally Kohn: I want to go back to the theoretical question about whether some sort of immaculate disinflation is possible or whether we can have inflation return to trend without a big jump in the unemployment rate. She asks, what would it take for the Fed to look at how many more of these cool CPI reports would it need to be before maybe the Fed started believing in the possibility of a soft landing? "It looks to me like you can have both," she says.