Federal Reserve mouthpiece: US economy may face a hard landing

Nick Timiraos, a Fed sounding board, published an article in The Wall Street Journal stating that over the past year, U.S. economic policymakers have been focused on achieving the so-called soft landing, that is, reducing inflation without causing an economic recession. Now, a new group of "pilots" is considering adjusting their course, and they themselves acknowledge that this could lead the economy to a hard landing.