After weeks of uncertainty, President Biden announced Jerome Powell's reappointment as the chair of the Federal Reserve.
Jerome Powell was first appointed by former President Donald Trump in 2017 and, under Powell's leadership, the whole kitchen sink has been thrown at the goal of getting the economy back to full employment as we emerge from the deepest recession in living memory.
Jerome Powell's future at the Federal Reserve had been a little shaky though, due to pressure from progressive Democratic lawmakers like Elizabeth Warren and Alexandria Ocasio-Cortez who wanted him replaced. But now the waiting is over.
Today on the show, we revisit a recent episode about Jerome Powell's first term and four ways he thinks differently about the economy. In other words, "Jeromonomics."