It’s hard to avoid the doom and gloom about where the U.S. economy is headed. High-profile business leaders and top economists have been warning for months about a looming recession, with many criticizing the Fed for keeping interest rates too high in its effort to tame inflation.
But Heather Boushey, a member of the White House council of economic advisers, believes there’s reason for optimism, thanks in part to a series of laws passed by Congress and signed by President Joe Biden during his first two years in office. “We remain optimistic that we will be able to see the soft landing that we are looking for,” she said in a Financial Times interview published Wednesday. “Time will tell but I think the pieces are in place to have a fighting chance to do so.”
