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(Bloomberg) -- Federal Reserve Chair Jerome Powell’s pivot toward interest-rate cuts is spreading holiday cheer in the White House, where the improved prospects for an economic soft landing are a boon for President Joe Biden’s bid for another term. Most Read from BloombergUS Frackers Return to Haunt OPEC’s Pricing StrategyNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press On‘Underwater’ Car Loans Signal US Consumers Slammed by High RatesUS Navy Shoots Down 14-Drone Wave as Shippers Avo

(Bloomberg) -- Long-shot Republican presidential contender Asa Hutchinson said he would replace Federal Reserve Chairman Jerome Powell because the central bank chief has damaged the US economy by aggressively raising interest rates.Most Read from BloombergApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishThe Mighty American Consumer Is About to Hit a Wall, Investors SayTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiApple’s iPhone 15 Debut Includes H

(Bloomberg) -- Long-shot Republican presidential contender Asa Hutchinson said he would replace Federal Reserve Chairman Jerome Powell because the central bank chief has damaged the US economy by aggressively raising interest rates.Most Read from BloombergChina Flags ‘Security Incidents’ With iPhones as Bans ExpandLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceCiti Plans Job Cuts as It Revamps Top Management Structur

(Bloomberg) -- Long-shot Republican presidential contender Asa Hutchinson said he would replace Federal Reserve Chairman Jerome Powell because the central bank chief has damaged the US economy by aggressively raising interest rates.Most Read from BloombergChina Flags ‘Security Incidents’ With iPhones as Bans ExpandLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceCiti Plans Job Cuts as It Revamps Top Management Structur

(Bloomberg) -- Mike Pence said if he is elected president he wouldn’t reappoint Federal Reserve Chairman Jay Powell when his term expires in 2026, and floated economist Judy Shelton for the central bank’s board.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes Compound“Jerome Powell’s ti