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Sep 19, 2022

Why do they call it a soft landing?

Plus: Puerto Rico’s grid, the school band economy and retail shrinkage.

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In the '70s, Treasury chief George Shultz used the term "soft landing" to describe how a mild economic cooldown could fight inflation. Now, Fed Chair Jay Powell is facing a rocky landscape.
In the '70s, Treasury chief George Shultz used the term "soft landing" to describe how a mild economic cooldown could fight inflation. Now, Fed Chair Jay Powell is facing a rocky landscape.
NASA/AFP via Getty Images

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