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Why Biden Should Reappoint Powell as Fed Chair Quickly (w/ Dean Baker)

Summary:
Dean makes the case for why Biden should act quickly: "In terms of announcing his reappointment soon, Biden should want to do what he can to remove uncertainty and shore up Powell’s position in coming months. We know that the Republicans will do everything in their power to stir up fears of runaway inflation and to undermine the Fed’s authority. If Biden can give him a clear endorsement now, it would help Powell’s effort to keep the focus on full employment." 🔴 Subscribe for more clips like this: https://www.youtube.com/user/thomhartmann?sub_confirmation=1 Further paras here . . . ⭐ Join our Membership and Support the Channel: https://www.youtube.com/user/thomhartmann/join MORE FROM THOM 🎦 Watch a full program re-run anytime: http://www.patreon.com/thomhartmann 🎧 Audio Podcast:

Topics:
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Dean makes the case for why Biden should act quickly:



"In terms of announcing his reappointment soon, Biden should want to do what he can to remove uncertainty and shore up Powell’s position in coming months. We know that the Republicans will do everything in their power to stir up fears of runaway inflation and to undermine the Fed’s authority. If Biden can give him a clear endorsement now, it would help Powell’s effort to keep the focus on full employment."



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Further paras here . . .



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Dean Baker
I am a senior economist at the Center for Economic and Policy Research (@ceprdc). I also run the blog Beat the Press (@beat_the_press)

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