Today news
About the same in other media
Biden picks Jerome Powell to lead the Fed for a second term as the U.S. battles Covid and inflation
Reading now: 748
cnbc.comJerome 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, she would succeed Richard Clarida, whose term expires Jan. 31, 2022.
«As I've said before, we can't just return to where we were
Read more on cnbc.comAbout this in other media
SBI Boss Says that China Is Leading the CBDC Race – Ahead of the USA and Europe cryptonews.com /2 years ago
Brainard’s Nomination Promotes a Close Powell Ally on Recent Fed Innovations wsj.com /2 years ago
Biden Pick of Powell for Fed Chairman Marks Rare Split With Warren wsj.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
