Personal History: My lunch with Alan Greenspan

Compared with what I imagined it might be

On balance, I’m glad Joe Biden decided to reappoint Jerome Powell to chair the Fed. During Powell’s first four-year term, he shifted monetary policy away from its singular focus on preventing inflation and toward aggressively trying to get unemployment as low as possible. (Lael Brainard, whom Biden appointed to be vice chair, will be a lot tougher regul…