appointed by donald trump, reappointed by joe biden, fed chief powell has a term vastly different than his first. he and his board of governors oversaw the emergency rescue of a crashing covid economy, and now face the next test, unwinding historic stimulus and tapping the brakes before it overheats. powell famously labeled rising prices or inflation transitory, b but transitory is not how it feels for families with high prices of gasoline and groceries. powell vowed to use the tools of the fed to support the economy, to support the jobs market and make sure inflation doesn t become, in his words, entrenched. challenges and opportunities remain as always. the unprecedented reopening of the economy along with the continuing effects of the pandemic led to supply and