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Biden Renominates Powell For 2nd Term As Fed Chair: Wires

FED

Wires and social media reporting that President Joe Biden has renominated Fed Chair Jerome Powell for a second term in the position.

  • Other option for the position had been seen as Board of Governors member Lael Brainard.
  • Powell's nomination will come as a blow to progressive Democrats who had pushed for Brainard to take over. Notably, Massachussetts Senator Elizabeth Warren, who had previously called Powell 'a dangerous man'.

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