A US soft landing would only be possible through fiscal measures like student-loan forgiveness and tax cuts, economist says

• If the US wants a soft landing, it needs to enact fiscal measures like student-loan forgiveness and tax cuts, Piper Sandler's chief global economist said.
• Drivers of US growth seen during 1995's soft landing aren't currently present, so government spending may be necessary to buoy GDP, according to Nancy Lazar.
• "There could easily be an additional 1.5% boost to GDP from fiscal stimulus this year," she wrote.

If the US economy wants to stick a soft landing, the government is going to have to loosen the purse strings.