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Biden’s pick for Fed chair is finely balanced as removing Powell could spark Senate battle

November 19, 2021

Via: Sky News

In practice, the incumbent, Jerome Powell, has probably not felt that during his term in office.

Having been appointed by Donald Trump four years ago, Mr Powell had to endure constant sniping from the former president for his stewardship of the US economy.

Almost immediately, Mr Trump carped frequently at Mr Powell for raising interest rates, undermining his independence in a way that had not been seen for nearly half a century.

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