Photo: Christopher Waller, U.S. Federal Reserve Board Governor Christopher Waller, governor of the U.S. Federal Reserve, speaks during the Center for Financial Stability Event in New York, U.S., on Friday, Nov. 19, 2021.

Economists Olivier Blanchard and Lawrence Summers said a paper by Federal Reserve Governor Christopher Waller that found a soft landing is a plausible outcome for the labor market "contains misleading conclusions, errors, and factual mistakes."

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