Biden Renominates Jerome Powell as Fed Chair

President Joe Biden had made a decision, and he also made it well known to the nation’s people. He went ahead and announced this matter on Monday that he is going to re-nominate Jerome Powell for the position that he is already in there.

Biden Renominates Jerome Powell as Fed Chair

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He was nominated for the duty to serve a second term as Federal Reserve chair. This was indeed something that people had been looking forward too. The decision was crucial in the current situation that the United States had been going through. Joe Biden also decided that he would be putting forth the Fed Governor Lael Brainard as vice-chairman.

There had been a lot of speculation regarding the fact that who is going to get the job. The entire country, at least those who are interested in the politics of the country, made the two broad divisions that the nation had been divided into.

It was really a very crucial and important decision to be made, and Joe Biden did accept the fact that it was a difficult decision for him, but he arrived at the decision nonetheless.

“As I’ve said before, we can’t just return to where we were before the pandemic, we need to build our economy back better, and I’m confident that Chair Powell and Dr. Brainard’s focus on keeping inflation low, prices stable, and delivering full employment will make our economy stronger than ever before,” Biden said in a statement.

Final Words

That is all that is currently known of the matter at hand. We will surely keep you updated on the news. In the meanwhile, take care of yourself and your family. The situation of the country is not as good as we want it to be. Thanks for reading our article Biden Renominates Jerome Powell as Fed Chair. Continue reading and have a good day.