‘Soft landing’ and is Powell the most successful Fed chief?

After four years managing the monetary tremors and rescues surrounding a near-biblical pandemic, countering a war-related energy shock and – together with government – neutralising a potentially viral regional banking blowup this year, Powell’s Fed looks in control. — Reuters

NOT bad for a “clueless” Federal Reserve (Fed) chair.

If the US economy has a “soft landing” – no recession this year with inflation near target, and only a mild downturn next year with unemployment staying historically low – Jerome Powell may lay claim to being the most successful Fed chief in history.