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Biden has a major economic decision to make and he can’t seem to pull the trigger

Posted on AllSides November 19th, 2021
From The Left
White House, Federal Reserve, Jerome Powell, Joe Biden
Evan Vucci/AP Photo

The decision would be soon. Then, it was “imminent.” At one point, it was slated to come in four days. Now, it’ll be by Thanksgiving. Maybe.

President Joe Biden has been wrestling for weeks with whether to reappoint the current chair of the Federal Reserve, Jerome Powell, or replace him with Lael Brainard, a Democrat and economist who has served on the Fed board since 2014. The process has resembled a tortured morass of indecision. Forever the senator, Biden has engaged in an extended debate, soliciting opinions and facts far...

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