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Good Day For Powell, Bad One For Democrats

Fed Chair Powell got through his Senate confirmation hearing with no misstep and appears headed for Senate confirmation in the next few weeks.  In 2018 the vote on his nomination was 84 to 13 and I would expect another bipartisan vote in support this time as well.  Powell gets high marks in DC for the way the Fed handled the economy during the Covid 19 crisis and will likely be rewarded with a strong vote for his second term.

With the confirmation behind him Powell and the Fed will now ...

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