that he has heard from"sources" that President Biden likely will not renominate Powell to another term running the Fed.
More broadly, Powell has continued a shift at the Fed that has appropriately reweighted the bank's focus toward promoting maximum employment, shifting away from excessive worry about inflation. This approach has promoted wage growth and empowered workers to more readily change jobs. It has also, in conjunction with fiscal policy, fostered an environment with strong consumer demand that encourages business investment and hiring.Powell is a really likable guy.
That said, bank regulation does matter, and some liberals object to the Fed's choices about bank capital requirements under Powell.
Source: News Formal (newsformal.com)
jbarro Our enemy is Apartheid Israel. Zionism equals Genocide.
jbarro Advocating for continued decimation of workers' wages?
jbarro thanks
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