2023 was the impossible becoming reality—a big decrease in inflation with unemployment staying very low. Now, in 2024, we are aiming at the impossible twice over: the soft landing. It won’t be easy. We can see the runway, and even if the Fed makes some mistakes on the way down, we can land the plane. That’s the case I made in my recent Bloomberg Opinion piece. • The labor market is strong. • The American consumer keeps going. • Most Americans are better off financially. • Inflation is moving quickly toward 2%. • Recession fears are fading. Jobs! Jobs! Jobs! The linchpin of the soft landing is the ongoing strength in ... (full story)