Biden, Democrats need moderate Republican Powell to fight inflation

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Federal Reserve Chair Jerome Powell's big challenge now is figuring out how far to go to contain inflation. US President Joe Biden has no choice but to wait for the results.

in November, now has no choice but to wait for the results.

Powell, a DC-area native, followed a well-trod path to influence including stops on Wall Street, the Treasury, and a centrist think tank. If the Fed chief is partisan, he has shown little sign of it within the largely consensus-driven Fed.Janet Yellen

 

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