Economics

Powell Faces Biden Policy Quiz With Renomination in Background

  • Democrats likely to seek chair’s endorsement of Biden plans
  • Semi-annual testimony Powell’s last in current Fed chair term
Jerome PowellPhotographer: Graeme Jennings/Washington Examiner/Bloomberg
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U.S. Democratic lawmakers this week will invite Federal Reserve Chair Jerome Powell to support another big round of government spending -- testing him just months before President Joe Biden is expected to consider his renomination.