10min chapter

Forward Guidance cover image

Danielle DiMartino Booth & George Goncalves on The 2024 Fed Pivot: Recession or Soft Landing?

Forward Guidance

CHAPTER

Soft Landing in the Economy and Job Creation in the Welfare State

The speakers discuss the concept of a soft landing in the economy, highlighting the decrease in inflation and increase in real income growth. They analyze non-farm payroll job creation, emphasizing the growth of the welfare state in the United States. They also mention the potential negative impact of job production on 401ks and the different technical backdrop it introduces.

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