Biden re-nominates Powell as Fed chair
Lael Brainard nominated as vice-chair, to take over from Richard Clarida
US president Joe Biden announced he would nominate Jerome Powell for a second term as chair of the Federal Reserve Board of Governors today (November 22), ending a period of feverish speculation over the role.
In the same announcement, the White House said Biden would nominate Lael Brainard to serve as vice-chair, taking over the monetary policy-focused position from Richard Clarida.
“While there’s still more to be done, we’ve made remarkable progress over the last 10 months in getting
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