Fed’s Cook Says US Data Are Consistent With a Soft Landing

Federal Reserve Governor Lisa Cook said although soft landings in economies after bouts of high inflation are rare, that’s what she is predicting for the US as inflation cools with little damage to the labor market.

“My baseline forecast (and that of many outside observers) is that inflation will continue to move toward target over time, without much further rise in unemployment,” Cook said Thursday in prepared remarks to the Australian Conference of Economists in Adelaide.