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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

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


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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