In the past fifty years, whenever inflation in the United States has sharply peaked, it has typically been followed by a period of economic recession.
However, this time is different; the inflation rate has already declined, and the economic situation is also improving.
Looking back at the period from 2022 to 2023, it can truly be called "this time is different."
But it must be understood that it is not the decline in the inflation rate that triggers a recession; rather, it is the recession phenomenon that causes inflation to return to normal levels.
Therefore, although no recession has occurred this time, inflation still tends to be moderate.
Powell may be regarded as the most outstanding among all previous Federal Reserve chairs.
This elder is about to retire, and in the future, it is hoped that he can maintain this remarkable achievement, thus successfully crafting a brilliant chapter of "economic soft landing."
