Twin Crises

Hello. Today we look at the twin challenges facing the Fed chair, the UK’s struggle to keep grocery shelves stocked with food after Brexit, and a canary-in-the-coal-mine indicator that’s flashing yellow for US consumer demand.

Ben Bernanke defused a banking crisis when he led the Federal Reserve more than a decade ago. Paul Volcker’s victory in the 1980s was vanquishing high inflation. Today’s Fed chair, Jerome Powell, is tasked with doing both.