Jay Powell’s Reappointment Hangs on Inflation

“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.”