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US White House Nominates Powell for Fed Chair and Brainard for Vice-Chair
US White House Nominates Powell for Fed Chair and Brainard for vice-Chair
— Newsquawk (@Newsquawk) November 22, 2021
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*NEWS*
— Nick Timiraos (@NickTimiraos) November 22, 2021
President Biden will reappoint Jay Powell as chair of the Federal Reserve.
Lael Brainard will become vice chair of the board.
w/@AndrewRestuccia pic.twitter.com/qWvybtPK6W
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Biden picks Jerome Powell to lead the Fed for a second term as the U.S. battles Covid and inflation
Jerome Powell, who guided the Federal Reserve and the nation’s economy through the staggering and sudden Covid-19 recession by implementing unprecedented monetary stimulus, has been nominated for a second term as chairman of the U.S. central bank. President Joe Biden made the announcement Monday morning following weeks of speculation that a push from progressives might see Fed Governor Lael Brainard get the spot. Brainard instead will be vice chair of the board of governors; she had been widely expected to get a separate vice chair for supervision post, which oversees the nation’s banking system. As vice chair, ... (full story)
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