Federal Reserve successfully achieves economic soft landingměi liánshǔ chénggōng shíxiàn jīngjì ruǎn zháoluò美联储成功实现经济软着陆。
December 31, 2024 at 2:00 PM
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BusinessFederal Reserve Achieves Elusive Soft Landing
The Federal Reserve successfully achieved the elusive soft landing in 2024, taming inflation from 9 percent peak to near 2 percent target without triggering recession.
The Federal Reserve successfully achieved long-sought economic soft landing in 2024. Given lingering effects prolonged loose monetary policy, inflation fell gradually from 9 percent peak in 2022 to near Feds 2 percent target. Simultaneously, unemployment remained below 4.5 percent at lower levels, avoiding economic recession. The Federal Reserve cut rates three times in second half 2024. This ensured financial stability while preventing economy from overcooling. Although path was difficult, Federal Reserves policy decisions widely recognized as management success.
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