David Ignatius: “After a rocky few months in which President Biden sometimes seemed captive of the progressive wing of his own party, he took a solid step back toward the center Monday in renominating Jerome H. Powell as Federal Reserve chair…”
“Biden’s standing with the public won’t be affected much, one way or another, by who runs the Federal Reserve. But this week he seemed to recover a bit of authority to do what makes sense for the country, regardless of bickering on the left and right.”
Ben White: “In the end, Biden did what many close to him expected: He took a longer-than-anticipated amount of time to arrive at a reasonable, moderate decision that thrilled few but carried limited risk.”
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