Jerome Powell, chairman of the U.S. Federal Reserve.
More than two years into the most aggressive Federal Reserve monetary tightening in four decades, the big surprise is that the world hasn't fallen over.
While U.S. interest rates at 23-year highs are causing pockets of pain, they're nothing like the systemic problems that so often wrecked expansions in the past. The Fed has held the policy rate at 5.25 percent to 5.5 percent for about a year and is expected to leave it unchanged at its two-day policy meeting this week.
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