Since last year, the Fed's been trying to stop prices from rising, and it's kind of

done that.

Now, the Fed is trying to keep inflation low without causing a recession, something that's

known as a soft landing.

Well, hopes of a soft landing pull interview.

A possibility of a soft landing.

A soft landing requires that the Fed not land the plane knows down.

Our colleague, Nick Timmeros, covers the Fed, and I asked him, what do economists mean

when they say soft landing?

Soft landing is where you bring inflation down, you slow the economy down without a big

increase in unemployment, really without a recession.

How hard is it to do that?

Well, soft landings are rare.

They're rare for a reason.

It's very hard to do that.

If you look back since World War II, there's really only one time that you could conclusively

say that we've had a soft landing.

The way the Fed tries to achieve a soft landing is with interest rates, and a sign that

it's trying to land the plane is when it stops raising rates, like today.

The Fed held rates steady, but said there could be one more rate hike this year.

So the question is, can the Fed pull off a soft landing?

Someone who's a pilot said to me on Friday, this is like trying to land on a soft field.

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