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This Trump Appointee May Hold Key to Biden's Reelection Bid

Posted on AllSides September 1st, 2023
From The Center
Economy and Jobs, Inflation, Interest Rates, Federal Reserve, Jerome Powell, Joe Biden, 2024 Presidential Election

Jerome Powell, who was appointed as chair of the Federal Reserve in 2017 by then president Donald Trump, might hold the key to the future of the U.S. economy, experts have told Newsweek—and with it, the future of President Joe Biden's campaign for reelection next year.

Powell has recently signaled that the central bank might once again raise its key interest rate in an attempt to bring down inflation, which, at around 3 percent is much lower than the peak of 8.5 percent last year, but remains above the Fed's goal of 2...

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