UnusualWhales

White House has said that the Federal Reserve appears to be on the path of a soft landing.

The U.S. economy appears headed for a soft landing, White House economist Heather Boushey has said.

"The steps have been taken and it looks like we are in a very good position to have that soft landing that everyone is talking about," she said.

"We continue to see there is a crisis of care that is holding back labor force participation for both men and women," she said, adding that U.S. rates were "quite low" relative to other advanced economies.

"It is an important issue," she said. "If you care about getting more people into the labor force, this is exactly where we need to focus our attention."

"The data that keeps coming out month after month shows that we continue to move forward. The evidence is not consistent with what a recession typically looks like," she said. "The signs all point to ongoing recovery and robustness in the labor market."