Inflation, Employment, and Political Challenges

This chapter examines President Biden's decision on whether to reappoint Jerome Powell or choose Lyle Brainerd as Federal Reserve chair, outlining the impact of this choice on inflation and job security. It highlights public concerns over rising prices and the psychological effects of inflation on consumer confidence, amid economic recovery efforts. The discussion also touches on Biden's approval ratings related to the economy and the implications for his infrastructure initiatives, including the Build Back Better plan.