Fed Can Achieve 'Softish Landing,' Blinder Says

The video discusses the concept of a 'soft landing' in economic terms, focusing on Jay Powell's efforts to achieve it. It references the successful rate tightening cycle by Greenspan in the mid-90s and examines current market sentiments, which lean towards a recession or hard landing. The discussion includes factors like oil shocks and supply chain issues that influence economic outcomes. The video concludes with a hypothetical scenario of unemployment rates aligning with the Fed's optimistic forecast, suggesting a 'softish' landing.

What does the author imply about the likelihood of a soft landing compared to a hard landing?

What is the projected unemployment rate peak mentioned in the text, and how does it relate to the concept of a soft landing?