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Biden picks Jerome Powell to lead the Fed for a second term as the U.S. battles Covid and inflation
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Jerome 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
Read more on cnbc.comAbout this in other media
Democrats need to admit that inflation is real – or voters will turn on them theguardian.com /3 years ago
Democratic senators oppose President Biden's OCC Omarova nomination cointelegraph.com /3 years ago
Brainard’s Nomination Promotes a Close Powell Ally on Recent Fed Innovations wsj.com /3 years ago
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