Biden Nears Endgame on Fed Chair Decision

President Biden faces one of the vital essential financial coverage choices of his presidency, which is predicted this week, when deciding who ought to lead the Federal Reserve when Chairman Jerome Powell’s time period expires in February.

Mr. Biden has signaled he’s in search of continuity in Fed coverage as a result of he’s contemplating whether or not to reappoint Mr. Powell for a second four-year time period or elevate governor Lael Brainard, who has strongly backed the central financial institution’s rate of interest coverage over the previous 4 years.

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