Biden has decided to renew FED Chair Jerome Powell’s tenure as head of the FED for another four-year term. Biden’s communist contender will be his vice chair.
President Joe Biden has re-nominated current Chair Jerome Powell to head the Federal Reserve for another four years. Fed Board Gov. Lael Brainard will be vice chair.
Powell had been widely expected to keep his post since he has bipartisan support from Republicans and moderate Democrats who have praised him for his response to the coronavirus pandemic. Powell’s current four-year term is set to expire in February.
“I’m confident that Chair Powell and Dr. Brainard’s focus on keeping inflation low, prices stable, and delivering full employment will make our economy stronger than ever before,” Biden