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2023 Economic Outlook Presented by Mauch Chunk Trust
Join us for our 2023 Economic Outlook, Thursday Oct 13, 2022, 7-9 AM at The Hofford Mill in Weissport, PA. Attend a morning filled with signature networking, breakfast and an Economic Outlook update from Dr. Edmond Seifried, Co-Chairman Emeritus, Seifried & Brew, Professor Emeritus of Economics and Business at Lafayette College .
Thursday Oct 13, 2022, 7:00 AM – 9:00 AM EDT
Location: The Hofford Mill, 500 Bridge St., Weissport, PA 18235
7:00 am: Registration, Networking & Breakfast
7:45-8am: Welcome & Opening Remarks
8-8:45am: Dr. Edmond Seifried
Presentation: Can the Fed Achieve a soft-landing in its battle against inflation?
Record inflation of over 9%, the highest in decades, has caused the Fed to ramp up interest rates to subdue this inflation monster. Of course, a tight monetary policy comes with substantial risks. The primary risk is whether the Fed can reduce inflation to its long-established goal of 2.0% without throwing the economy into a recession, the so-called soft-landing. If the Fed does not achieve a soft landing, it is very likely we will face the prospect of an economic downturn or recession within the next 1-3 years.