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Fortune
Fortune
Eleanor Pringle

Markets are finally believing Fed chair Jerome Powell will pull off his soft landing

Jerome Powell, chairman of the US Federal Reserve (Credit: Al Drago/Bloomberg - Getty Images)

Analysts are starting to wonder if Fed chair Jerome Powell may achieve what many believed impossible: bringing the economy down from a period of rampant inflation without plunging it into a recession.

After years of the Powell-led Federal Open Market Committee (FOMC) focusing on bringing down price inflation, markets were growing concerned that unemployment might begin to rear its ugly head.

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