Biden Sticks With Powell For Second Term As Fed Chair

By Jon Hill and Dean Seal (November 22, 2021, 10:02 AM EST) -- President Joe Biden on Monday announced his nominees for top positions at the Federal Reserve, ending months of speculation by confirming that Jerome Powell will be tapped for another four-year term as chairman of the central bank.

Jerome Powell, shown here on Sept. 30, has been nominated to serve another four-year term as chairman of the Federal Reserve. (Al Drago/Bloomberg via Getty Images) In a statement, the White House said Biden will also seek to elevate Fed Governor Lael Brainard to serve as vice chair of the board of governors, defying expectations that she would be given a key banking oversight...

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