See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Trump shattered tradition on Fed chair. Some Dems want Biden to do the same.

Posted on AllSides September 14th, 2021
From The Left
(Evan Vucci/AP Photo)

Left-leaning activists and lawmakers are pushing President Joe Biden to dump Federal Reserve Chair Jerome Powell for Fed Governor Lael Brainard with a last-ditch message: Don’t miss a rare opportunity to install a known and tested Democrat atop the world’s most important economic institution.

It’s a conundrum for Biden. He can stick with Powell, a choice that would please markets — renominating someone from the opposite party as Presidents Ronald Reagan, Bill Clinton and Barack Obama did — or put his own stamp on the Fed for years as President...

Read full story

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right