Original sentence: Others responded positively to his aggressive response to the crisis, with President Trump calling him the "most improved player" in his administration in August 2020 and Janet Yellen praising his "very thoughtful and methodical" approach.Powell has responded by arguing that supporting the Fed's dual mandate of stable prices and full employment outweighed concern over high asset prices.Time said the scale and manner of Powell's actions had "changed the Fed forever" and shared concerns that he had conditioned Wall Street to unsustainable levels of monetary stimulus to artificially support high asset prices
Edited sentence: "Easy money" policies could create bubbles in asset prices and widen historically high wealth inequality.2020 was one of the most profitable years in Wall Street history, and earned Powell the title of Wall Street's Dr.By the end of 2020, the Fed had created the loosest U.So dominant, and distorting, were Powell's actions on asset prices – despite a pandemic, divided Congress, weak economy, low buybacks, and trade wars – that by the end of 2020, Bloomberg called Powell, "Wall Street's Head of State", and that his actions were "exuberantly asymmetric".The Wall Street Journal called Powell's defence of the Fed model to justify valuations associated with the peaks of past bubbles, as an attempt to "rewrite the laws of investing".Time said the scale and manner of Powell's actions had "changed the Fed forever", and shared concerns that he had conditioned Wall Street to unsustainable levels of monetary stimulus to artificially support extremely high asset prices, likened to a stronger Greenspan put, and also termed, the everything bubble.monetary conditions ever recorded, and the Financial Times warned that the wealth inequality resulting from the K-shaped recovery could lead to political and social instability, and that credit markets had a concerning "jenga-like structure"