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MNI: Soft Landing For US Economy Still Possible -Fed Paper

Fed Governor Chris Waller co-authors a research paper on the Beveridge curve.

The U.S. economy has been in a soft landing since early 2022 and that could well continue, according to a paper co-authored by Federal Reserve Governor Chris Waller published Friday.

Vacancies have dropped significantly with little to no increase in unemployment across the country and in other parts of the world, supporting the idea that the Beveridge curve can be very steep and nonlinear, Waller and Fed economist Andrew Figura write in a Fed Board publication.

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The U.S. economy has been in a soft landing since early 2022 and that could well continue, according to a paper co-authored by Federal Reserve Governor Chris Waller published Friday.

Vacancies have dropped significantly with little to no increase in unemployment across the country and in other parts of the world, supporting the idea that the Beveridge curve can be very steep and nonlinear, Waller and Fed economist Andrew Figura write in a Fed Board publication.

Keep reading...Show less