The Big Take

Jerome Powell's Jackson Hole Gamble Runs the Risk of Backfiring

Powell’s four-year term as central bank chair ends in February and President Biden has yet to announce whether he’ll nominate the veteran monetary policy maker for another. — Powell’s four-year term as central bank chair ends in February and President Biden has yet to announce whether he’ll nominate the veteran monetary policy maker for another.Photographer: T.J. Kirkpatrick/Redux

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August 23, 2021 at 4:01 AM UTC

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It seemed like a good idea at the time.