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J.P. Morgan economist says Powell won't last as Fed chair

Michael Feroli, chief U.S. economist for JPMorgan, predicts that Jerome Powell won't be in his position as Federal Reserve chair for a second term. He cites that Powell's monetary policy is popular, but his regulatory policy isn't popular with some progressive Democrats in Congress and in the White House.
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Fri, Jul 23 20211:33 PM EDT