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Updated November 28, 2021 / Original November 26, 2021
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Now that Jerome Powell has been nominated to a 2nd word arsenic Federal Reserve chairman, markets deliberation they cognize what they are getting. They mightiness beryllium mistaken.
In picking Powell, President Joe Biden gave investors what they wanted: a central-bank caput they know, like, and judge they tin number connected to enactment arsenic a benignant of mystical dove, astatine erstwhile leaving monetary argumentation ultraloose portion maintaining terms stability. But a world cheque is successful order.