The Corner

Economy & Business

Biden and Powell

The president is reportedly considering replacing the Fed chairman to get someone more progressive. That would be a mistake, I argue at Bloomberg Opinion: “If Biden nominates a replacement for Powell this summer, he’ll be adding uncertainty about monetary policy at the moment when it’s already likely to be at a peak of controversy and danger.”

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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