Scandal May Have Damaged Powell’s Chances For Renomination, Taper Seems Imminent

As the complexity of the ongoing legislative negotiations continue, the chances for Lael Brainerd ascending to Powell’s chairmanship is probably rising. We think the Biden Administration would prefer to keep Powell given the President’s nature, but the progressive wing of the party has had several setbacks legislatively and in the complex world that is Washington, he could end up in some ways being a victim of his own success.

In other words, the strength of the economy, which is in no s...

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