us president biden nears decision to choose fed chair reports indicate toss up between powell and brainard kdueNR

US President Biden Nears Decision to Choose Fed Chair — Reports Indicate Toss-up Between Powell and Brainard

Following the passing of the Biden administration’s infrastructure bill, the U.S. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal Reserve Board chairperson. According to a few reports Powell may be chosen, but other reports say the Fed’s Board of Governors member, Lael Brainard, could also be a frontrunner for the position.
President Biden to Choose Fed Chair ‘Fairly Quickly’
Amid the rising inflation and supply chain woes, U.S. president Joe Biden is thinking about who will run the Federal Reserve when Jerome Powell’s term ends next February. Media pundits say the timing “is crucial,” as the U.S. central bank has been discussing tapering back quantitative easing (QE) and adjusting rates upwards. Of course, these have all been just conversations so far and the members of the Fed have yet to decide on tapering back large asset purchases and hiking the benchmark rate.
Meanwhile, rising inflation has reared

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