11/22/2021, 3:03 PM (Source: TeleTrader)
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Biden picks Powell for second term as Fed chair

United States President Joe Biden decided on Monday to nominate Jerome Powell (pictured left) for his second four-year term as the Federal Reserve chair.

Member of the Federal Reserve Board of Governors Lael Brainard (pictured right) will serve as the central bank's vice chair, the White House announcement added.

"As I've said before, we can't just return to where we were before the pandemic, we need to build our economy back better, and I'm confident that Chair Powell and Dr. Brainard’s focus on keeping inflation low, prices stable, and delivering full employment will make our economy stronger than ever before," Biden said.

Baha Breaking News (BBN) / BU