Now that Jerome Powell has been nominated to a second term as Federal Reserve chairman, markets think they know what they are getting. They might be mistaken.
In picking Powell, President Joe Biden gave investors what they wanted: a central-bank head they know, like, and believe they can count on to act as a type of mystical dove, at once leaving monetary policy ultraloose while maintaining price stability. But a reality check is in order.
There…
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Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on...
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