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Powell’s Legacy Is at Stake in Fed Pivot to Beat Back Inflation

  • Quest to soft land economy to define Fed chair’s second term
  • Critics urge open door to more rate hikes: every meeting live
Jerome Powell
Jerome PowellPhotographer: Al Drago/Bloomberg

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Jerome Powell’s first four years as Federal Reserve chair were defined by saving the U.S. economy from the historic challenge of the pandemic. His second term -- and his legacy -- will be about saving the economy from overheating.