“While there’s still more to be done, we’ve made remarkable progress over the last 10 months in getting Americans back to work and getting our economy moving again,” Biden said in a statement. “That success is a testament to the economic agenda I’ve pursued and to the decisive action that the Federal Reserve has taken under Chair Powell and Dr. Brainard to help steer us through the worst downturn in modern American history and put us on the path to recovery.
Powell took office in February, 2018, for a four year term set to expire next year. If confirmed, the new term would be for another four years. His term as a member of the Federal Reserve Board of Governors expires on Jan. 31, 2028. “Fundamentally, if we want to continue to build on the economic success of this year we need stability and independence at the Federal Reserve – and I have full confidence after their trial by fire over the last 20 months that Chair Powell and Dr. Brainard will provide the strong leadership our country needs,” Biden said.
Brainard has been a member of the Federal Reserve Board of Governors since June, 2014, and has a term that runs through Jan. 31, 2026.
I just read this guy was a crook. What are we doing? TimInHonolulu
$tsla
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden to nominate Jerome Powell as Federal Reserve chairmanPresident Joe Biden on Monday formally announced his intent to nominate Jerome Powell to serve as the chairman of the Federal Reserve for a second term and nominate Lael Brainard to serve as the Fed's vice chair. Why did they have to kill her about it Why was it so important to them for her to never talk to me or see me in person face to face Why did they kill her even after she did everything they said Ethiopia, a symbol of african independnce is now fighting african recolonization war. NoMore That’s literally on the President’s daily schedule today, so I would guess that’s true. 😏
Source: CNN - 🏆 4. / 95 Read more »
Biden nominates Jerome Powell for second term as Federal Reserve chairmanPresident Joe Biden on Monday renominated Jerome Powell as Federal Reserve chairman, ending months of speculation over who would run the central bank for the Powell is not to be trusted, 'inflation is transitory' SMH.
Source: NBCNews - 🏆 10. / 86 Read more »
Biden to keep Powell as Fed chair, Brainard gets vice chairWASHINGTON (AP) — President Joe Biden announced Monday that he's nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the job market. oh no the bot farm is awake of course, incompetence is always rewarded in the government Wonder how much Brandon made on this
Source: AP - 🏆 728. / 51 Read more »
Biden picks Powell as Federal Reserve chairNEW: President Joe Biden has renominated Federal Reserve Chairman Jerome Powell for a second term as the head of the central bank, a sign of the administration’s approval of Powell’s leadership through the COVID-induced economic crisis Cháu chào ông ạ Of course Biden renominated the clearly incompetent Powell for the position. This is the dooffus who didn't recognize that inflation was coming while most everyone else in the country did. Wondering what LHSummers washimgtonpost think about this. Crazy moments as Joe binladen Biden po;; ratings tumble
Source: YahooNews - 🏆 380. / 59 Read more »
Biden renames Powell to lead Fed, risking the left’s wrathBiden said he will reappoint Federal Reserve Chair Jerome Powell as head of the U.S. central bank, opting for continuity in the government’s most powerful economic post Now Joe Biden POTUS will truly own the surging inflation crisis. Democrats get literally nothing they want from Biden and then the party wonders why he has a 36 percent approval rating.
Source: politico - 🏆 381. / 59 Read more »
Joe Biden monitoring 'tragic' Waukesha parade incident, White House says'Our team is in close touch with local officials to offer any support and assistance needed,' White House press secretary Jen Psaki said. So, it is tragic not terrorism The suspect accused of running down 45 people at a Christmas parade in Waukesha, Wisconsin has allegedly been identified as Darrell Edward Brooks Jr, a 39-year-old black male with a long criminal history who was let out on bond Friday. His reaction was to poop his pants
Source: Newsweek - 🏆 468. / 52 Read more »