Biden Sparks Anger from Left by Reappointing Trump Nominee to Key Position

Biden Sparks Anger from Left by Reappointing Trump Nominee to Key Position


President Joe Biden on Monday said he will reappoint Federal Reserve Chair Jerome Powell to remain in his post when Powell’s current term ends in 2022.

Powell is expected to easily win confirmation, according to Politico.

Lael Brainard, currently a governor on the Federal Reserve board, was nominated to serve as vice chair. The New York Times characterized her as the choice of many progressives to replace Powell, who has run afoul of leftists in the Democratic Party.

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“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 said in a statement.

America needs steady, independent, and effective leadership at the Federal Reserve. That’s why I

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