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Which policy did Jerome Powell retire after being renominated by President Biden?

  • Transitory inflation

  • Quantitative easing

  • Mortgage-backed security purchases

  • Interest rate targeting

Answer

Following President Biden's renomination of Powell, the Fed Chairman retired his previous words "transitory inflation" and indicated a reduction in Quantitative easing (QE) and Mortgage-backed security (MBS) purchases due to high inflation.
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