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| jiraporn66 | 16 Dec 2021 - 06:03:13 |
| 470 Posts |
 President Biden to announce the list of nominees The new Fed chairman in the next four days On November 17, 2021, FoxslotBusiness reported that "Joe Biden" US President We are weighing whether to nominate current Federal Reserve Chairman Jerome Powell (Fed) to continue this role. After he was officially retired in February. The Fed Chair is one of the most powerful positions in the United States. Because it can determine the rhythm of economic growth. which are generally nominated for a second term. and often advocates for central bank independence from politics. Powell, a former private equity business executive and former Republican Treasury official. He was named Fed chairman in 2017 by then US President Donald Trump. He has the support of members of both parties in the US Congress. to rein in the economy during the COVID-19 pandemic Leal Brainard, the only Democrat sitting on the Fed's board of directors. It has now become a formidable contender. to win the Fed chair from Powell Biden called both Brianard and Powell for interviews at the White House last week. The two Fed chairman's contenders are very close to monetary policy. and just breaking up about inflation which tends to decrease after the covid situation starts to relax “I spent quite a lot of time thinking about it,” Biden said last week. during the 26th session of the Climate Change Summit (COP26) in Glasgow. Scotland Biden also said that “I have discussed with macroeconomic advisors on the best options. We have many good options. But I will not consider it at the moment.” Despite the US Wall Street stock market widely expected that. Biden will appoint Powell for a second term. But this is complicated. Forward-thinking lawyers want the Federal Reserve chair to increase his regulatory stance on banks and financial institutions and focus on climate change. Brianard has been a vocal advocate of stricter regulations against banks. and has opposed the vote of 23 Fed committees since Powell became chairman in 2018. Meanwhile, Powell was reportedly endorsed by US Treasury Secretary Janet Yellen. and former Fed chairman This increases the chances of him continuing to sit in the chair for a second term. |
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