
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
2020-09-11 • Updated
European Central Bank policymakers warned on Friday against complacency over low inflation and highlighted risks from a strong euro, nuancing the bank's benign message from a day earlier, which some argued denied difficult realities. Inflation remains far below the aim and there has been only partial progress in combating the negative impact of the pandemic on projected inflation dynamics.
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
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