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Powell takes Fed chair as economy starts to show strain

He plans to continue gradual retreat from stimulus campaign, and markets have taken him at his word

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Mr Powell, charged with keeping the economy in the safe space between overheating and recession, arrives on that high wire as a relative unknown.

Washington 

JEROME H Powell, who was sworn in on Monday as the US Federal Reserve's 16th chairman, is stepping into his new role as a half-decade of economic tranquility is beginning to show some signs of strain.

The Fed has gradually been increasing interest rates to maintain

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