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Several parts of this article closely mimic the Nov. 2nd NY Times article at https://www.nytimes.com/2017/11/02/business/economy/jerome-powell-fed-chairman.html . Is the NY Times plagiarizing this article or is it the other way around? 47.185.104.184 ( talk) 01:34, 4 November 2017 (UTC)
Because the biggest war of his lifetime was drafting young men during the time Powell was an undergrad, it would be interesting to know how a person with a desire to perform public service ended up with no military service during the Vietnam Era. — Preceding unsigned comment added by 24.152.216.213 ( talk) 23:03, 7 January 2018 (UTC)
He will be Chair of the FOMC on Feb 3, but not Chair of the Board of Governors until Feb 5. [1]
For comparison, here's a similar press release for Yellen: https://www.federalreserve.gov/newsevents/pressreleases/other20140130a.htm
Note that she, too, became Chair of the FOMC before becoming Chair of the Board of Governors. The latter date is the official date she took office as Fed Chair. — Preceding unsigned comment added by 71.232.132.255 ( talk) 07:47, 2 February 2018 (UTC)
Regarding the 2020 coronavirus pandemic in the United States & the socio-economic impact of the 2019–20 coronavirus pandemic:
In yet another explosive tirade, Trump reportedly pressured Treasury Secretary Steven Mnuchin to encourage the Federal Reserve to do more to stimulate the economy. Trump complained Powell is damaging his presidency and should never have been appointed. Mnuchin encouraged Trump to nominate Powell in 2017.
Add to Jerome Powell#Criticism from President Trump?
X1\ ( talk) 23:55, 12 March 2020 (UTC)
Quite a few parts in the intro paragraphs lack neutrality (in favor of hawkish monetary policy). They rely heavily on citations from opinion columnists without showing opposing views. In some cases, the opinion columns provide more neutrality than the article. For instance:
As Powell continued to apply high levels of monetary stimulus to further raise asset prices and support growth, the resulting disconnect between asset prices and the economy became controversial, both for the simultaneous bubbles recorded in most asset classes, and the historic widening of wealth inequality.
This appears to be a policy not particularly controversial, based on board of governors discussions & given he has been chair for two presidents of opposing parties. Some more context is needed
So dominant, and distorting, were Powell's actions on asset prices – despite a pandemic, divided Congress, weak economy, low buybacks, and trade wars – that by the end of 2020, Bloomberg called Powell, "Wall Street's Head of State", and that his actions were "exuberantly asymmetric".
I'm not sure I understand how Powell's actions conflict with a pandemic, divided Congress, weak economy, trade wars, etc. Surely the conventional response to this would be dovish monetary policy?
How best can we improve this article to avoid bias? I wanted to avoid unilaterally editing this, but it also appears to not meet Wikipedia's standards.
Matthew Bauer ( talk) 02:09, 12 February 2021 (UTC)
I'm just an anonymous user, but I agree with Matthew Bauer strongly. The 20-21 section is wildly, hilarious biased in the direction of hawkish monetary policy. It's filled with - and I'm sorry for being blunt - very dumb and crank-ish opinions. There's no consensus among economists that the Fed's actions have led to any sort of an asset bubble, but there are something like a dozen quotes about how Powell is creating asset bubbles. Whoever wrote this was far too obsessed with that particular topic. -Anon — Preceding unsigned comment added by 2603:7000:2F40:E900:C909:6D97:984A:FE93 ( talk) 04:40, 12 February 2021 (UTC)
There's quite a lot of this in the "Asset price inflation" section. Some talking head said a thing, another head said another, and Powell said a thing that looks like (but maybe isn't) a response. It reminds me of a tendency in histories of the Great Depression to quote John D. Rockefeller, then quote Will Rogers, and call it a day. What's the point — that a lot of people believe Powell overdid it? Then say that outright, cite it, and move on. 67.180.143.89 ( talk) 00:50, 27 January 2022 (UTC)
Currently the lead ends thusly:
It was not until Jerome Powell had been confirmed to extend his second term, he has indicated a reduction in Quantitative easing (QE) and Mortgage-backed security (MBS) purchases due to high inflation with the CPI reading in November 2021 reaching 6.8% according the to the Bureau of Labor Statistics, the highest level in 40 years.
What I first noticed was "confirmed to extend his second term", which itself makes no sense. He has no option to "extend" his second term; the issue was whether he would be appointed by President Biden and then confirmed for a second term. So this I can fix. But then the rest of it might be beyond my understanding to fix; suffice it to say that it is syntactically nonsensical. Un sch ool 05:55, 8 May 2022 (UTC)
An editor has identified a potential problem with the redirect The new Yellen and has thus listed it for discussion. This discussion will occur at Wikipedia:Redirects for discussion/Log/2022 July 9#The new Yellen until a consensus is reached, and readers of this page are welcome to contribute to the discussion. TraderCharlotte ( talk) 00:44, 9 July 2022 (UTC)