‘No’ on Fed Chairman Jerome Powell – The Wall Street Journal

‘no’-on-fed-chairman-jerome-powell-–-the-wall-street-journal

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While Jerome Powell was a better choice than Lael Brainard for Federal Reserve chairman, that alone isn’t a good reason to confirm Mr. Powell for a second term. The Senate should not support his reappointment.
The Fed’s core mission is to ensure stable prices and a sound currency. No one can seriously argue that it accomplished this mission under Mr. Powell’s leadership. After years of reckless policy, inflation now exceeds 6%—the highest rate in 30 years.

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