The Federal Reserve is overlooking the chances of an ideal end to worries about how it can aggressively tighten its monetary policy without pitching the US into recession, according to Pantheon Macro's top economist. There are concerns the US central bank could go too fast in hiking interest rates as it tries to cool inflation near 40-year highs. It's seen as a balancing act, where too much dampening of demand will lead to a "hard landing." But both the Fed and investors have been discounting the likelihood of a more painless outcome — where people have lower expectations about inflation and that means they push less ... (full story)