Powell or Brainard? Biden weighs his pick for U.S. Fed chair

StreetInsider2021-11-11

(Reuters) - President Joe Biden is still weighing whether to keep Jerome Powell as chair of the Federal Reserve for a second term or elevate Fed Governor Lael Brainard to the post, an administration ...

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SharkMoney
2021-11-11
SharkMoney
yes
- SharkMoney:
  like
kaido
2021-11-11
kaido
Pls like
- cozyli:
  pls like back. thks

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Biden weighs his pick for U.S. Fed chair\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19197372><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - President Joe Biden is still weighing whether to keep Jerome Powell as chair of the Federal Reserve for a second term or elevate Fed Governor Lael Brainard to the post, an administration ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19197372\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POWL","symbol_name":"Powell Industries","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=19197372","article_id":"2182056150","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2182056150","pubTimestamp":1636600660,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"(Reuters) - President Joe Biden is still weighing whether to keep Jerome Powell as chair of the Fede","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"POWL":"Powell Industries"},"translate_title":"鲍威尔还是布雷纳德？拜登权衡他对美联储主席的选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POWL":0.9},"content_text":"(Reuters) - President Joe Biden is still weighing whether to keep Jerome Powell as chair of the Federal Reserve for a second term or elevate Fed Governor Lael Brainard to the post, an administration official said on Wednesday.\nThe White House is cognizant of pressure from both moderates and progressives within the Democratic Party about the choice. \"There are pressures going both ways for both finalists,\" the official said.\nBiden met with both candidates for the job last week, and a decision is expected in the coming weeks.\nPowell, 68, who was appointed chair by former President Donald Trump and whose four-year term ends in early February, is seen as the front-runner.\nHe has backing from moderate Democrats as well as Republicans, and a track record of averting a financial crisis and helping to engineer an unexpectedly rapid and strong recovery from the pandemic recession.\nBut he has also drawn criticism as supply bottlenecks have driven inflation to a 31-year high even as millions of Americans cannot find jobs, and for a trading scandal on his watch that resulted in the resignation of two Fed presidents and a rewrite of the central bank's ethics rules.\nDemocratic Senator Elizabeth Warren opposes his nomination, and progressives are pushing for Brainard, 59, who was named to the board in 2014 by Democratic President Barack Obama after serving in his administration.\nBrainard is seen as more dovish on monetary policy and as a stronger hand on bank regulation. 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