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a Taper Without Much TantrumPowell did just enough to preserve the view that his goals align with investors’: growth that is fast enough to boost hiring and earnings but not inflation, and an approach to stimulus that avoids shocks and leaves actual interest rates alone.
-- one week of smooth sailing doesn’t mean there are no storms ahead. Still, for anyone worried that the first tangible signs of withdrawn stimulus spelled doom for investors, the latest stretch is reason for encouragement.