Economics
Biden’s Fed Choices Add Uncertainty for Inflation-Wary Investors
- Tenures for Powell, Clarida and Quarles expire by early 2022
- Fed’s new framework gives chair lot of room to guide policy
Photographer: Andrew Harnik/AP Photo
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The biggest uncertainty for investors watching the Federal Reserve in coming months may not be the rate of inflation but turnover at the top of the U.S. central bank.