Central Banks
The Fed Is Playing a Waiting Game to Try to Avoid a Recession
- By next spring, signs of success or failure should be clearer
- Central bank not looking for quick return to price stability
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An increasing number of economists — including the Federal Reserve’s own staff — are predicting the US will escape a recession, though it’ll be well into 2024 before anyone can be sure of it.
Fed Chair Jerome Powell says he expects the central bank to navigate a path where the US economy expands with inflation rates falling back to the 2% target, though the task will be challenging.