Fed Chairman Powell’s renomination odds complicated by trading scandal

Federal Reserve Chairman Jerome Powell’s odds at renomination continue to hang in the wind, as the White House works through whether or not they should bring in fresh blood to the head of the central bank.

Complicating his path to a second term: a scandal that has engulfed at least three senior Fed officials, centered on big financial bets they made during 2020. Regional Fed Presidents Robert Kaplan and Eric Rosengren stepped down from their roles after reporting revealed bets on real…


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