A second Powell term will make economy run ‘hotter,’ expert says. Here’s what that means

President Joe Biden nominated Jay Powell for a second term as Federal Reserve chairman Monday. While U.S. job growth has been better than expected, inflation is at its highest in decades. Both are concerns Powell, and Lael Brainard as vice chair, will have to balance if confirmed. David Wessel of the Brookings Institution joins Judy Woodruff with more details.

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