Editorial: Re-upping Jerome Powell at the Federal Reserve was a stellar choice. Here’s why

Published by
Chicago Tribune

Sen. Elizabeth Warren, the liberal Democrat from Massachusetts, described him as a “dangerous man” who “failed as a leader” at the U.S. Federal Reserve. Donald Trump called him “clueless” and an “enemy” of the U.S. when he refused to cave into the then-president’s self-serving demands to overheat the economy. Yes, Jerome “Jay” Powell stood up to both Warren and Trump. No wonder we like him, and no wonder we support President Joe Biden’s decision to nominate him for another four-year term as chairman of the U.S. Federal Reserve — the most important economic policy post in the world. Powell’s fi…

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