Almost everybody loves Jerome Powell, except the Squad.
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And it’s no wonder why: As captain of the world’s most powerful financial institution, Powell has offered something for almost everybody to love. If you’re a progressive: Powell has arguably been the single most worker-friendly Federal Reserve chair of the past 40 years. Under his leadership, the central bank has torn up and rewritten its official playbook for managing the economy, putting less emphasis on smothering inflation, and more on making sure Americans have jobs.
to Politico. “We urge the Biden Administration to use this opportunity to appoint a new Federal Reserve Chair.”, as some have argued. While parts of the progressive rap against him are flimsy , it gets at a core truth: There are other plausible nominees President Biden could pick who are more in sync with Democratic policy priorities. On paper, there are better options.much better that it’s worth paying the political price to try and upgrade? No, probably not.
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