PPI - Radically Pragmatic
  • Donate
Skip to content
  • Home
  • About
    • About Us
    • Locations
    • Careers
  • People
  • Projects
  • Our Work
  • Events
  • Donate

Our Work

Weinstein for Forbes: Can The Federal Reserve Stick A Soft Landing?

  • June 21, 2023
  • Paul Weinstein Jr.

By Paul Weinstein Jr.

The Federal Reserve recently announced it was skipping another interest rate increase for the first time in 15 months to assess the impact of its efforts to quash inflation.

Apparently, one of the reasons for the pause was disagreement among the 12 members of the Federal Open Markets Committee about what to do next. The hawks—who want to raise rates at least twice more this year—argue that inflation is still above the Fed’s target of 2% to 3%, and that core inflation (sans volatile gas and food prices), remains stubbornly high at 5.3% year-over-year.

Other committee members want to leave things where they stand for now. They point out that consumer prices rose a modest 4% in May from 12 months earlier—the smallest increase in more than two years—and that the full impact of the central bank’s 10 previous rate hikes is still not known.

But despite their differing views on interest rates, both the hawks and the doves on the FOMC think the Fed has the economy heading for a soft landing, in which inflation levels are reduced without sending the economy into a tailspin.

Read more in Forbes.

Related Work

In the News  |  August 15, 2025

Ritz on News Nation: 90th Anniversary of the Social Security Act

  • Ben Ritz
Press Release  |  August 11, 2025

Ahead of its 90th Birthday, PPI Offers Innovative Blueprint to Secure Social Security’s Future

  • Ben Ritz Nate Morris
Publication  |  August 11, 2025

Reform That Rewards Work: A New Vision for Strengthening Social Security’s Intergenerational Compact

  • Ben Ritz Nate Morris
Op-Ed  |  August 3, 2025

Ritz for InsideSources: Work requirements increase bureaucracy more than accountability

  • Ben Ritz
Publication  |  July 30, 2025

Five More Problems With the ‘One Big Beautiful Bill’

  • Alex Kilander
Op-Ed  |  July 24, 2025

Weinstein Jr. for Forbes: 5 Reasons Trump Should Think Twice About Firing Fed Chair Jerome Powell

  • Paul Weinstein Jr.
  • Never miss an update:

  • Subscribe to our newsletter
PPI Logo
  • Twitter
  • LinkedIn
  • Facebook
  • Donate
  • Careers
  • © 2025 Progressive Policy Institute. All Rights Reserved.
  • |
  • Privacy Policy
  • |
  • Privacy Settings