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Biden Selects Powell To Lead Federal Reserve Again

Bloomberg Intelligence

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The Challenge of Maximising Full Employment

20 wall street time here. What do you expect to hear from the president as it relates to these selections? How are you thinking about a balancing act of tackling inflation, but maximising full employment? I think one answer is gradualism. This is a highly credible central bank. They don't have to use a lot of power to get a inflation expectations nailed down. There a tailor trag just like third 30 seconds.

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