Economics
Powell Aims for Soft Landing That Eluded Seasoned Fed Chiefs
- It’s like landing on an aircraft carrier in rough seas: Zandi
- Tough feat to pull off with unemployment so low, experts say
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If you think some of the aerial tricks snowboarders did during the Winter Olympics were spectacular, check out what Federal Reserve Chairman Jerome Powell is trying to do: pull off an unparalleled soft landing of a U.S. economy with a rock-bottom unemployment rate.
Powell, who delivers his second round of semi-annual testimony to Congress on Thursday, told lawmakers on Tuesday the next two years will be “good” ones for the economy. If he’s right, he’ll be at the controls when the current U.S. expansion becomes the longest on record.