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Jay Powell’s Reappointment Hangs on Inflation

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“Federal Reserve Chair Jerome ‘Jay’ Powell, who worked in the George H.W. Bush administration and was elevated to central bank chief under President Donald Trump, has been the strongest voice in reassuring financial markets and Congress that higher prices will ease as the economy fully emerges from the pandemic,” Politico reports.

“That stance puts Powell in lockstep with the White House, which could smooth his path to reappointment by Biden, a pivotal decision that’s due in the coming months.”

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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