Biden Will Tap Jerome Powell , To Remain as Fed Chair.<br />Biden Will Tap Jerome Powell , To Remain as Fed Chair.<br />President Joe Biden announced <br />on Nov. 22 that he will nominate <br />Jerome Powell to remain in his position <br />chairman of the U.S. Federal Reserve.<br />At this moment, of both enormous potential and enormous uncertainty for our economy we need stability and independence at the <br />Federal Reserve, President Joe Biden, via 'The New York Times'.<br />When our country was hemorrhaging jobs last year, and there was panic in our <br />financial markets, , President Joe Biden, via 'The New York Times'.<br />Jay’s steady and decisive leadership helped to stabilize markets and put our economy on track to a robust recovery, President Joe Biden, via 'The New York Times'.<br />In addition to Powell's nomination.<br />Biden will also nominate Lael Brainard <br />to serve as Fed vice chair.<br />I’m confident that Chair Powell and Dr. Brainard’s focus on keeping inflation low, prices stable and delivering <br />full employment ... , President Joe Biden, via 'The New York Times'.<br />will make our economy stronger than ever before, President Joe Biden, via 'The New York Times'.<br />A number of U.S. Senators from Biden's party have voiced significant concerns regarding Powell's reappointment.<br />Senator and former Democratic presidential candidate Elizabeth Warren has referred to Powell as "a dangerous man.".<br />Sen. Sheldon Whitehouse, <br />(D-R.I.), stated that he <br />was "disappointed" <br />in Biden's decision.<br />He and Sen. Jeff Merkley, (D-OR) penned a statement urging Powell to "reassess" his prior inaction related to climate change.<br />He and Sen. Jeff Merkley, (D-OR) penned a statement urging Powell to "reassess" his prior inaction related to climate change.<br />I sincerely hope that, if confirmed, Powell will reassess his past opposition to utilizing the Fed’s regulatory tools to minimize climate-related risks to the financial sector, Sen. Sheldon Whitehouse, (D-R.I.), <br />via 'The New York Times'
