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Fed Leadership Uncertainty Muddies Rate-Policy Outlook
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When Federal Reserve Chairman Jerome Powell steps to the microphone at a news conference next week, he may be unable to answer one of investors’ most pressing questions: Will he return for a second four-year term in February?
Uncertainty over whom President Biden will name to lead the Fed next year hangs over the central bank’s looming policy decisions on what to do if the recent rise in inflation turns out to be more persistent than anticipated.
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