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Washington Post (November 23)

2021/ 11/ 24 by jd in Global News

Fed Chair Jerome Powell has been nominated for another four-year term. If again confirmed, he will face “a daunting challenge: At a time when employment remains several million jobs below pre-pandemic levels, inflation is taking off at a rate not seen for 30 years.” And the blame from all “across the political spectrum” will be pinned on him. “Not since Paul Volcker accepted President Jimmy Carter’s nomination to the position amid double-digit inflation in mid-1979 has any central banker confronted a more difficult situation.”

 

Wall Street Journal (July 29)

2021/ 07/ 30 by jd in Global News

“The U.S. economy grew rapidly in the second quarter and exceeded its pre-pandemic size, but the outlook has suddenly turned cloudier due to the fast-spreading Delta coronavirus variant.”

 

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