President Joe Biden says he wants to reappoint Jerome Powell to serve as chair of the Federal Reserve for a second term. It’s a big deal, but it wasn’t unexpected. We’ll explain the political calculus behind the decision. Plus, we’ll highlight a few long reads you may have missed over the weekend, including one about how China is winning the clean energy contest. And a “Turducken”-inspired Thanksgiving dessert, plus we ask listeners to share their version of a “Turducken” Thanksgiving cocktail.
Here’s everything we talked about today:
“President Biden’s Appointments for the Federal Reserve” from The New York Times
“How the U.S. Lost Ground to China in the Contest for Clean Energy” also from The New York Times
“Why Japan Appears Immune to Global Inflation Surge, So Far” from The Wall Street Journal
“The Amazon lobbyists who kill US consumer privacy protections” from Reuters
“US lawmakers call for privacy legislation after Reuters report on Amazon lobbying” more from Reuters
“Amazon Leaks” from Reveal
“Kenosha protesters demonstrate Sunday after Rittenhouse acquittal” from the Milwaukee Journal Sentinel
Tomorrow, we’re doing a deep dive into the Federal Reserve. If you have a question about the central bank and how it works, send a voice memo or give us a call at 508-82-SMART (508-827-6278).