Sources With Ties to Washington Say Joe Biden Will Renominate Fed Chair Jerome Powell

sources with ties to washington say joe biden will renominate fed chair jerome powell

Sumary of Sources With Ties to Washington Say Joe Biden Will Renominate Fed Chair Jerome Powell:

  • Unnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead.
  • The news follows three U.S. representatives asking Biden to replace Powell with a central bank leader that addresses equality and climate change.
  • Jerome Powell to Stay for Second Term, Sources Say A report written by Market Watch contributor Greg Robb shows that U.S. president Joe Biden and his administration will likely keep Jerome Powell at the helm of the central bank.
  • ” Jerome Powell, the Federal Reserve’s chairman, has been leading the central bank throughout a period of time when the Fed has expanded the monetary supply like never before in history.
  • Many complaints have been directed at Jerome Powell and the Federal Reserve’s schemes.
  • Speaking with Market Watch, Stephen Myrow, managing partner of Beacon Policy Advisors said: “My base case is Powell now.
  • “I think it is a high probability they renominate Powell,” Lieber said on Tuesday.
  • However, the Biden administration may be getting complaints about Powell from members of the Democrat party.

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