So does economist Donald Klepper-Smith, who has delivered the keynote address at a number of the recent Greater Danbury Chamber of Commerce Economic Forecast Breakfasts. “The prospects of a soft landing are better now than they were six months ago,” Klepper-Smith of DataCore Partners said in a phone interview with Patch.com“The U.S. economy has been rather resilient in avoiding a recession,” he remarked. “The Federal Reserve has so far been able to engineer the soft landing that everyone has waited for,” he said. Democrats must recognize that changes to Social Security and Medicare, the major drivers of expected federal spending growth, should be on the table. Klepper-Smith said if the United States is to “continue to be a world leader in economic growth” it will have to boost its production.

Source: Forbes July 23, 2023 03:05 UTC