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What's at stake as Biden decides whether to stick with Jerome Powell as Fed chief

03:53
Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing in Washington, D.C., on Sept. 30. Powell's term expires early next year, and President Biden must decide whether to reappoint him. (UPI/Bloomberg via Getty Images)
Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing in Washington, D.C., on Sept. 30. Powell's term expires early next year, and President Biden must decide whether to reappoint him. (UPI/Bloomberg via Getty Images)

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