Showing soft-landing hubris after holding rates steady would probably spook markets. But mainly, Powell and his counterparts, such as Reserve Bank of Australia governor Michele Bullock, know that claiming credit will make us all ponder how we got into this situation.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
