Hope for economic 'soft landing'

JACKSON HOLE, Wyo. - As the Federal Reserve prepares to hold its annual economic conference in Jackson Hole on Aug. 25-26, its policymakers are trying to guide the U.S. economy toward something akin to what’s happening in Jackson Hole. They have jacked up key interest rate to a 22-year high to try to slow growth and bring inflation down to their 2% target. Consumer inflation, which peaked last year at 9.1%, is now 3.2%. The Fed’s policymakers hope to avoid tipping the economy it into a recession - a very difficult achievement that economists call a “soft landing.” (The AP 08/24/23) Hopeful signs of an economic 'soft landing' emerge in Jackson Hole as Fed meets with world watching | AP News