By Dan Weil BofA economists see the federal funds rate hitting 5% by March 2023, sending shockwaves through the economy. The $64,000 question in financial markets is whether the Federal Reserve can engineer a soft landing. That would mean raising interest rates enough to quell inflation, but not so much as to send the economy into recession. Bank of America strategists Chris Flanagan and Joseph Leeman are skeptical that the central bank can succeed. “The Fed’s policy error of waiting too long to tighten continues to manifest,” they wrote in a commentary. Some experts called for the Fed to begi…