President Joe Biden’s advisers are considering recommending Jerome Powell for a second term as Federal Reserve chair paired with Lael Brainard as the central bank’s chief regulator, people familiar with the matter said, a plan that could assuage progressives resistant to a second term for Donald Trump’s Fed chief. Biden has not yet weighed in on Fed personnel decisions and his decision is not expected until fall, the people said. Brainard is also a contender for the Fed chair position, but her elevation to vice chair for supervision, replacing Randal Quarles, could soothe progressive Democrats who have raised ... (full story)