US President Joe Biden says he will nominate Jerome Powell for a second term as chair of the Federal Reserve. A Republican, Powell was first elevated to his post by President Donald Trump.
President Biden says he will nominate Jerome Powell for a second term as Federal Reserve chair, endorsing his stewardship of the economy through the pandemic.
The White House returned to a longstanding pattern in which presidents reappoint the same leader of the Federal Reserve regardless of partisan identity.
Biden's decision, reached after extensive consideration, strikes a note of continuity and bipartisanship at a time when surging inflation is burdening households and raising risks to the economy's recovery.
US President Joe Biden on Monday nominated Jerome Powell for a second term as Federal Reserve Chair, allowing him to continue his role overseeing the economy's recovery from Covid-19.
President Biden has tapped Jerome Powell to serve a second term as chairman of the Federal Reserve. Fed governor Lael Brainard will serve as vice chairman.
President Biden on Monday nominated Federal Reserve Chairman Jerome Powell for a second term and praised him for exhibiting political independence and steady leadership during the economic chaos of the COVID-19 pandemic.
President Joe Biden has opted to keep Jerome Powell as chairman of the Federal Reserve as he attempts to guide the country through an economic recovery marred by inflation.
President Biden will nominate Jerome Powell to a second term as chairman of the Federal Reserve, signaling that he believes the battle-tested central bank chief is the best person for one of the most high-stakes jobs in the world.
The decision rewards Powell for helping rescue the U.S. economy from the pandemic and tasks him with protecting that recovery from a surge in consumer prices.
President Joe Biden on Monday renominated Jerome Powell as Federal Reserve chairman, ending months of speculation over who would run the central bank for the
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Biden to keep Powell as Fed chair, Brainard gets vice chair | Since Then