Possible for US, EU to avoid recession: Fed

WASHINGTON, Aug 3 (AFP): The United States and the European Union can avoid recession and achieve a soft landing by bringing inflation down to an acceptable level, a US central bank official said Tuesday.
"A soft landing is feasible in the US and the EA (euro area)," St Louis Federal Reserve President James Bullard during a speech at New York university.
But getting there requires that the "shift" in monetary policy, as central banks aggressively hike interest rates to slow runaway inflation, is "executed well."
A key factor will be managing inflation expectations, he added.