Joe Biden to keep Powell as Fed chair, Brainard gets vice chair

WASHINGTON (AP) — President Biden announced Monday that he’s nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession in which the Fed’s ultra-low rate policies helped bolster confidence and revitalize the job market.

Biden also said …

Source: washingtontimes.com

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