WASHINGTON — The Federal Reserve’s determination on Wednesday on whether or not to lift charges at a precarious second carries dangers not only for the central financial institution, however additionally for President Biden.
Mr. Biden was already counting on the Fed to keep up a fragile steadiness with its rate of interest choices, concurrently taming speedy value progress whereas avoiding plunging the economic system into recession. Now, he additionally wants the Fed chair, Jerome H. Powell, and his colleagues to avert a misstep that would hasten a…
