LPL Financial chief global strategist Quincy Krosby argues the Federal Reserve is ‘on the path out of’ inflation.
Heading into the new year, the Biden administration believes the U.S. economy can still achieve a”soft landing.”
Supporting theories that the large-scale government investments will help boost the labor market in the months and years ahead, a top adviser to the president told the Financial Times.
Those comments are from Heather Boushey, a member of the White House council of economic advisers.
The stand by the White House comes as many economists fear a significant slowdown and possibly a recession is on the horizon as the Federal Reserve continues to aggressively raise interest rates to fight inflation.
CREDIT SCORES STEADY, BUT AUTO, CREDIT CARDS FLASH WARNING
Heather Boushey of the White House Council of Economic Advisors (CHANDAN KHANNA/AFP via Getty Images) / Getty Images)
Fed officials projected this…
