| 1. | Aeronautics. an uncontrolled or rough landing by an aircraft or spacecraft, usually resulting in damage. |
| 2. | Economics. an economic downturn or recession after a period of strong demand and expansion. |
| hard landing n. The landing by impact of a spacecraft unequipped with or not using devices such as retrorockets to slow it down. |
Hard Landing
A term used to describe an economy going into recession as the government attempts to slow down inflation.
Investopedia Commentary
The Fed will try to avoid a hard landing by raising interest rates only enough to slow the economy down without putting it into recession (a soft landing).
Related Links
The Federal Reserve (the Fed) Tutorial
See also: Alan Greenspan, Fed, Inflation, Recession, Soft Landing