Economics

Keep Powell in Top Fed Job, Former Vice Chair Blinder Says

WATCH: "Jay Powell, I think, has done a really outstanding job at the Fed," former Federal Reserve Vice Chairman Alan Blinder says.(Source: Bloomberg)

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By Peyton Forte

July 7, 2021 at 4:36 PM UTC

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President Joe Biden would be well advised to offer Jerome Powell a second term as chair of the Federal Reserve to preserve policy stability as the U.S. economy recovers from the pandemic, said former Fed Vice Chair Alan Blinder.