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Thursday, November 02, 2017

As we await the Fed chair decision, a look at Powell

Reuters is out with an interesting profile on Powell. It sounds like he's going to be the accidental Fed chair.

They report that he was angling for a job as the vice-chair for supervision at the Fed but didn't get the job and that set off a chain of events that saw him land on top. It was mostly a case of Trump souring on other options, leaving Powell, who had no real negatives on his resume.

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