Jerome Powell secures nod for second term as chair of US Federal Reserve

US president Joe Biden has nominated Jerome Powell for a second four-year term at the helm of the country’s central bank.

The move ends speculation on whether he would put forward a Democrat, Lael Brainard, for the chairmanship of the Federal Reserve but a statement confirmed she was to be nominated for the vice-chair position instead.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

Leave a Reply

Your email address will not be published. Required fields are marked *