December 1, 2021

Biz Journal

Business perfection

Biden Nears Endgame on Fed Chair Determination

President Biden faces probably the most vital financial coverage selections of his presidency, which is predicted this week, when deciding who ought to lead the Federal Reserve when Chairman Jerome Powell’s time period expires in February.

Mr. Biden has signaled he’s on the lookout for continuity in Fed coverage as a result of he’s contemplating whether or not to reappoint Mr. Powell for a second four-year time period or elevate governor Lael Brainard, who has strongly backed the central financial institution’s rate of interest coverage over the previous 4 years.

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