Biden could start reshaping the Fed next month — and progressives will want a say

We will soon find out what the Federal Reserve’s leadership will look like under President Joe Biden.

The president is set to make a decision this fall on whether to stick with Chairman Jerome Powell, whose term ends in February, or tap one of his respected colleagues to lead one of the world’s most powerful economic institutions.

Wall Street is pushing Biden to reappoint Powell for a second term. But progressives are calling for a fresh face atop the central bank.

The Fed chair job isn’t the only role up for...