Sen. Jon Tester (D-MT) said President Joe Biden should renominate Federal Reserve Chairman Jerome Powell, countering demands from the radical left Democrat “squad” that the administration should nominate a new chair with more radical views.
Tester, who sits on the Senate Banking Committee that reviews Fed nominations, told the Wall Street Journal (WSJ) he is “concerned” about the left’s calls to find a new chair that could advance more radical policies — politizing the Fed — that could harm the economy.
“They should not be involved in the political footballs thrown around on Capitol Hill. That’s the reason I want Jerome Powell. He’s proven he can maintain the independence of the Fed,” said Mr. Tester.
The senator worrying about some of the more radical members of the Democrat party trying to play politics with the Fed. Tester said, “I watched President Trump threaten [Powell] because he wouldn’t do things President Trump