WASHINGTON (Reuters) – Over the past year Federal Reserve Chair Jerome Powell has engineered the largest economic rescue in U.S. history, thrown a controversial lifeline to companies hard hit by the coronavirus pandemic and steered a sweeping labor-friendly revamp of monetary policy that any presidential administration would welcome.
Is it enough to earn the 68-year-old former investment banker four more years as the head of the U.S. central bank?That question will get increased attention during this, the final year of Powell’s term, and the conversation may start as early as this week when the Fed chief delivers his semi-annual update on the economy in two hearings before Congress.
The testimony before the Senate Banking Committee on Tuesday and House of Representatives Financial…
— to www.reuters.com
