Revisiting Jerome Powell's approach to the economy : Planet Money : The Indicator from Planet Money Today President Biden reappointed Jerome Powell as chair of the Federal Reserve. So we revisit a recent episode about Jay Powell's first term and his approach to steering the economy — Jeromonomics.

Jeromonomics 2.0

Jeromonomics 2.0

  • Download
  • <iframe src="https://www.npr.org/player/embed/1058161193/1058174190" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Alex Wong/Getty Images
WASHINGTON, DC - NOVEMBER 22: Federal Reserve Board Chair Jerome Powell (R) speaks as President Joe Biden (L) listens during an announcement at the South Court Auditorium of Eisenhower Executive Office Building on November 22, 2021 in Washington, DC. President (Photo by Alex Wong/Getty Images)
Alex Wong/Getty Images

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."