December 3, 2021

Info IEC

Business & Finance Information

Biden Will Faucet Jerome Powell for New Time period as Fed Chairman

President Biden is ready to appoint Federal Reserve Chairman Jerome Powell to a second time period main the central financial institution, the White Home stated Monday, choosing continuity in U.S. financial coverage regardless of pushback from some Democrats who wished somebody more durable on financial institution laws and local weather change.

Mr. Biden will even nominate Fed governor Lael Brainard as vice chair of the central financial institution’s board of governors, the White Home stated.

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