5 challenges Powell could face in his next term as Fed chair

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Progressive Democrats want the Federal Reserve to take on a more expansive role in the US economy. Conservatives want it to stick to its monetary policy lane.

Powell will also need to tackle questions about the nature of money. Here are some of the biggest challenges he could face in the next four years:After the coronavirus pandemic hit, the Fed slashed its benchmark overnight interest rate to near zero and bought trillions of dollars of Treasuries and mortgage-backed securities.this month.

As of October, there were still about 4 million fewer Americans employed than there were before the pandemic.

 

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