Can Jay Powell bring us to a 'soft-ish' landing?

Very Serious with Josh Barro

Federal Reserve Chair Jay Powell says he thinks there's a good chance for a "soft-ish" landing: taming inflation without pushing the economy into recession. But how difficult will that be? Economist Jason Furman joins Josh to talk about this challenge and what might be needed if the Fed’s rate hikes over the next few months prove to be far from enough — plus, how student debt cancellation could exacerbate inflation. Jason talks about the clear path ahead for the Fed in the short term, and he recounts lessons learned from the Obama administration's attempt to change the tax status of 529 college savings plans.
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