Hard Landing

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Hard Landing

A situation in which a central bank raises interest rates significantly to curb inflation and, in doing so, drives the economy into recession. For example, in 1981, the Federal Reserve raised the fed funds rate to 20%, which caused inflation to drop from 13.5% in 1981 to 3.2% in 1983. However, high interest rates led directly to a deep recession in the early 1980s. A hard landing is effective at reducing inflation, but is nonetheless undesirable. As a result, central banks only attempt it when there are no other viable options. See also: Soft Landing.
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A former senior AI commander alleged that Captain Zlatco Glusica, who was in charge of the Boeing 737 which crashed near Mangalore airport, was hauled up on at least two occasions for making hard landings.
Today's jazz shoes come in lots of colors with features like microfibers (for aeration) and shock absorbers to protect joints from hard landings.
LOOSE, PRAYING OR UNRAVELING CORDS CAN CAUSE SOME VERY HARD LANDINGS.