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Biden to nominate Jerome Powell as Federal Reserve chairman

Biden to nominate Jerome Powell as Federal Reserve chairman 1

President Joe Biden will nominate Jerome Powell as chairman of the Federal Reserve for a second term, and Lael Brainard as vice chair, according to a source familiar.

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Biden to nominate Jerome Powell as Federal Reserve chairman
President Joe Biden will nominate Jerome Powell as chairman of the Federal Reserve for a second term, and Lael Brainard as vice chair, according to a source familiar. Read more »
 
Jerome Powell’s first term was among the most controversial of any Fed chairman
Jerome Powell’s tenure leading the Federal Reserve has been among the most tumultuous in the central bank’s history. And Powell’s second term won’t necessarily be much easier. Read more »
 
Stocks rise as President Biden set to give Powell a second term at the Fed
Wall Street opened in the green on Monday amid the news that President Joe Biden intends to nominate Jerome Powell for a second term at the helm of the Federal Reserve. Read more »
 
Joe Biden channels his inner Obama by picking Jerome Powell for the Fed
By choosing to stick with Jerome Powell, who Donald Trump selected to be Federal Reserve chairman in 2017, President Biden proved that he learned a valuable lesson from his former boss about continuity over partisan politics during challenging economic times. Read more »
 
Rivian shares plunge after saying it won’t work with Ford on EVs
Shares of upstart electric truck maker Rivian plunged as much as 17% in morning trading Monday after confirming reports that it is no longer working with Ford to jointly develop vehicles. Read more »
 
U.N. warns of ‘colossal’ collapse of Afghan banking system
The United Nations on Monday pushed for urgent action to prop up Afghanistan’s banks, warning that a spike in people who are unable to repay loans as well as lower deposits and a cash liquidity crunch could cause the financial system to collapse within months. Read more »
 
 
 

Biden to nominate Jerome Powell as Federal Reserve chairman 3
Biden to nominate Jerome Powell as Federal Reserve chairman 4 Biden to nominate Jerome Powell as Federal Reserve chairman 5
 

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Biden to nominate Jerome Powell as Federal Reserve chairman 6
Biden to nominate Jerome Powell as Federal Reserve chairman 7 Biden to nominate Jerome Powell as Federal Reserve chairman 8

 
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