What Jerome Powell must do next as Fed chairman
He will face a crowded agenda in his second term
OF ALL AMERICA’S many job openings, this was the most important. On November 22nd President Joe Biden announced that he would renominate Jerome Powell as chairman of the Federal Reserve when his current term expires in February. After a drawn-out selection process, it was reassuring that Mr Biden at last made the obvious choice, opting for a steady pair of hands at a time of economic danger.
This article appeared in the Finance & economics section of the print edition under the headline “Still in the hot seat”
Finance & economics November 27th 2021
From the November 27th 2021 edition
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The Los Angeles fires will be extraordinarily expensive
They will also expose California’s faulty insurance market
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The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow