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Biden Retains Confidence in Fed’s Powell After Warren Broadside
President Joe Biden retains confidence in Federal Reserve Chair Jerome Powell, a White House spokeswoman said -- despite Senator Elizabeth Warren assailing the central bank and its leader earlier Tuesday. “Yes, he does have confidence in Powell at this time,” a White House deputy press secretary, Karine Jean-Pierre, told reporters traveling with Biden aboard Air Force One. Warren said in a Senate floor speech that Powell had “failed as a leader” following revelations that top Fed officials have been actively trading securities. The transactions raise “legitimate questions about conflicts of interest and ... (full story)