worries about a recession at least in the near term have been ameliorated by the july consumer inflation and jobs data said laura tyson a former clinton economic adviser and uc berkeley haas school of business professor on wednesday “that inflation number along with the very strong jobs number that came out suggest that we’re not likely to see a recession this year” tyson said in an interview on bloomberg television the economic data also suggests that the fed’s effort to achieve a soft landing that is bring down inflation without causing a recession “may work” tyson added the likelihood of a recession depends in part on the fed’s preferred time period for achieving its 2 inflation target in order to get a “neutral” policy rate the fed might have to raise its policy interest rate up to 5 she said the fed’s benchmark rate is currently in a range of 22525