Approximately half of the economists associated with a leading business economics organization said in a new survey that they do not have much confidence in the Federal Reserve's ability to bring down inflation without triggering a recession. The poll of 198 National Association of Business Economics (NABE) members published on Monday showed the nation's leading economists have a mostly dim outlook for the economy heading into 2023. While 52 percent of the economists surveyed are not very confident in the Federal Reserve's capabilities of bringing inflation down from 8.5 percent to 2 percent without triggering a recession — what is known as a soft landing — about 21 percent said they
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