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May 07 2024

Powell Could Pull Off A Rare Feat

  • May 7, 2024

Powell could be remembered as a Fed Chair who was apolitical to a fault, and there’s one last item that would cement his legacy of political independence: Jay could well preside over another election-year decline into recession (as in 2020). If so, he will have achieved it with a president from each major party. Powell would emerge as the ultimate non-partisan—and an effective enforcer of single-term presidencies.


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager