‘Imagine no recession, it’s easy if you try.’ Bank of America flip-flops on its recession call, arguing a ‘soft landing’ is on the way

Jerome Powell (Credit: Nathan Howard—Bloomberg/Getty Images)

“Imagine no recession, it’s easy if you try.”

That was the title of Bank of America Research’s latest U.S. Economic Viewpoint research note, which details chief U.S. economist Michael Gapen’s outlook for the economy. It was quite the departure from the consistent recession predictions Gapen has put forward since last summer.