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Trading Furor Complicates White House Decisions on Fed Leadership
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Federal Reserve Chairman Jerome Powell’s chances for a second term leading the central bank so far have been dented but not derailed by a reputational crisis over stock-trading disclosures by senior officials.
Mr. Powell, a Republican, has been the front-runner to keep the job when his term expires early next year. But questionable trading activities by two Fed bank presidents, first reported last month by The Wall Street Journal, cast a cloud over his prospects by giving a vocal minority of Democrats who already opposed his nomination new grounds to call for his replacement.
Read more on wsj.comAbout this in other media
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Fed’s Powell and Brainard Met With Biden at White House wsj.com /3 years ago
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