WebSep 9, 2024 · Sept 9 (Reuters) - As U.S. President Joe Biden assesses whether to reappoint Federal Reserve Chair Jerome Powell and nominate as many as three others … WebNov 19, 2024 · “President Biden must appoint a Fed Chair who will ensure the Fed is fulfilling its mandate to safeguard our financial system and shares the Administration’s …
White House Works to Satisfy Senate Democrats in Fed Vice Chair …
WebJun 14, 2024 · The White House moved quickly to pass a $1.9 trillion stimulus package during Biden’s first few weeks in office. Proposals for a $2 trillion jobs and infrastructure plan, plus a $1.8 trillion ... Web1 day ago · US Federal Reserve Chairman Jerome Powell in Washington, DC, on March 22, 2024. ALEX BRANDON / AP. At the beginning of the year, the US Federal Reserve was still hoping for a soft landing for the ... ala radical
Biden Nears Endgame on Fed Chair Decision - WSJ
WebFeb 24, 2024 · White House press secretary Karine Jean-Pierre was asked Thursday about President Biden's selection process to decide who to nominate for vice chair of the U.S. Federal Reserve. In her response ... By sticking with Powell, the Fed is opting for continuity and confirmability. Not only has Powell garnered the support of Republicans and moderate Democrats, he is well respected on Wall Street and investors are very comfortable with his communication strategy. Switching to a new face risked adding uncertainty to the … See more Assuming he gets confirmed by the Senate, Powell faces a very challenging situation in his second term at the helm of the Fed. The United States is grappling with its first inflation scare in decades, parts of the economy … See more Biden recently met with Powell and Brainard, a Federal Reserve governor, separately at the White House as he weighed his decision, CNN previously reported. Brainard … See more The chair’s renomination comes at a time of tumult on the Board of Governors and a trading scandal that had threatened to block Powell from being picked for a second term. The Fed recently unveiled sweeping changes to … See more WebNov 22, 2024 · President Biden said Monday he will nominate Federal Reserve Chair Jerome Powell for another term leading the central bank and tap Fed Governor Lael … ala rae