Why Goldman’s Top Economist Says the Soft Landing Is Coming

Going into 2023, the conventional wisdom was that a recession was likely in store. Instead, it didn't happen. What we've seen is continued disinflation, even as the economic growth and the labor market have remained robust. Now going into 2024, there's growing optimism that a soft landing can be achieved. Stocks have been rallying, rates have been falling, and there's a widespread view that the Fed is done hiking. So will this come to pass? On this episode, we speak to Jan Hatzius, the top economist at Goldman Sachs, about why so many people got 2023 wrong and why he believes the soft landing is now within reach. This transcript has been lightly edited for clarity.