John Authers, Columnist

Hawks, Doves and Now a Lame Duck at the Fed

Markets are watching whether Powell decides to stay on once he’s no longer chair.

Powell still has cards to play.

Photographer: Jason Henry/Bloomberg

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There’s a new bird in the Federal Reserve’s aviary. We’re used to hawks, doves and even black swans. For the next six months, it will also be occupied by a lame duck.