Yellen Confirmed, New Admin, New Challenges For Fed

The Federal Reserve is supposed to be an apolitical agency, but there is little doubt that Federal Reserve Chairman Jay Powell is pleased he will no longer be publicly heckled by a sitting President. However, that doesn’t mean there won’t be any pressure coming at the Fed from 1600 Pennsylvania Avenue, or from the Treasury building that is right next door. In many of his post-pandemic legislative hearings, Powell has been repeatedly asked what the Fed can do about wealth inequality and clim...

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