The market hinges on Jay Powell’s every word. The presidential race could too.

The focus of the country is about to switch to 24/7 wall-to-wall coverage of the presidential election, including primaries, debates, campaign-spending totals, and poll results. 

But in reality, what really matters most in the 2024 presidential election will be how successful Federal Reserve Chairman Jerome Powell and his colleagues will be in their efforts to cool inflation without pushing the economy into a recession, according to Yale economics professor Ray Fair.

“The…