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Greg Ip: Jerome Powell Will Face a Very Different Economy in a Second Term
If inflation stays high, the Fed chairman must pivot from dove to hawk, at risk of recession and political blowback. Over his first term in office, Jerome Powell became arguably the most dovish chairman in the Federal Reserve’s modern history, giving priority to full employment in an era in which inflation seemed extinct. In his second term,
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Posted: November 22, 2021 Monday 05:34 PM