stiglitz297_ERIC BARADATAFP via Getty Images_jeromepowell Eric Baradat/AFP via Getty Images

Why Jerome Powell Must Go

On all of the defining issues of the moment, US Federal Reserve Chair Jerome Powell has shown that his instincts are out of step with what the country needs. In deciding whom to appoint to the position next, US President Joe Biden must not be swayed by clichés about bipartisanship and continuity.

NEW YORK – US President Joe Biden faces a critical decision: whom to appoint as chair of the Federal Reserve – arguably the most powerful position in the global economy.