More from The Fed column

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Jerome Powell says he doesn’t think taper will disrupt markets

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Powell says Fed may end its asset purchases a few months early

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Fed’s Powell calls omicron variant a risk to economic growth

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Fed inflation worries at last meeting left wiggle room for faster tapering of bond purchases

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Fed Daly says open to supporting a faster tapering of bond purchases, if economic trends continue

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Fed’s Bostic says good arguments can be made to consider a faster taper

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After letting suspense build, Biden taps Powell for second term

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Bank stocks jump as Biden keeps Powell, but decision on top Fed bank cop looms

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Biden rejects ‘fresh blood’ for Fed, says Powell brings stability the central bank needs

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Biden could reshape the Fed with three nominations. Here are the top 5 contenders.

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Wall Street sees Powell as best choice to lead Fed even as inflation hits 31-year high

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Fed’s Williams defends central bank’s new average inflation targeting policy from criticism

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Fed may need to pivot to faster taper, Waller says

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Fed’s Evans says supply-chain issues are going to be rectified, allowing good economic growth in 2022

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Chicago Fed’s Evans says there’s more uncertainty around inflation now than a few months ago