Will the Federal Reserve Get a New Chairman? Biden Has Made His Decision
President Joe Biden will renominate current Federal Reserve Chairman Jerome Powell to continue leading the agency for another term. He will make an official announcement from the White House Monday afternoon.
"The President will announce his nominees for Chair of the Board of Governors of the Federal Reserve System, Jerome Powell, and Vice Chair of the Board of Governors of the Federal Reserve System, Dr. Lael Brainard. Chair Powell and Dr. Brainard will also deliver remark," the White House released in a statement.
The announcement comes as inflation continues to...