September 9, 2022 - Today's "One Minute Digest" from ELAINE. Can inflation fall to 2.5% without a big rise in unemployment?
Business intelligence is only valuable if we can digest it. What can we get from ELAINE in one minute if we let it read articles of our choosing. Through ELAINE's abstraction on an article on "soft landing", the entanglement between inflation, economy and unemployment spells the levers between soft landing and hard landing. Excerpts from ELAINE's understanding:
"In the three soft landings since World War II - 1965, 1984 and 1994 - the Fed wasn't trying to push inflation down; it was merely trying to keep it from going higher"
"Federal Reserve Chairman Jerome Powell has stopped talking up a "soft landing," when the economy slows enough to bring down inflation but not push unemployment up much, and has begun warning of pain."
and abstractions that inspire creative thinking:
Given the posture taken by CB, a hard landing is currently in the menu.
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