Powell walks high wire as Fed plans to ease support for Biden's economy


Federal Reserve Chair Jerome Powell on Friday signaled that the central bank may start pulling back some of its historic support for the economy later this year, striking an upbeat tone even as the resurgent coronavirus and labor market troubles loom.

The speech at the annual Jackson Hole conference in Wyoming could be Powell’s last big test before President Joe Biden decides whether to reappoint him to the government’s most powerful economic post. His main task was not to rattle investors — and rankle

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