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Economists have been slow to apply history, with one big exception
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fnlondon.comGraham Allison is the Douglas Dillon professor of government at Harvard University
Is the US economy headed for a hard landing? US Federal Reserve chair Jerome Powell says no. At the Federal Open Market Committee’s 4 May press conference, he insisted that the Fed will manage a “softish” landing. To the contrary, former Treasury Secretary Larry Summers unambiguously says yes — with an exclamation point.
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