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2021-11-22

Great to have an old-hand to navigate the violatile environment. Good decision by the US President not to rock the equity market. Another 4 years of market growth, hopefully….

Biden taps Powell for second terms as Fed chair; Brainard to be vice chair

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Good decision by the US President not to rock the equity market. Another 4 years of market growth, hopefully….&nbsp;</p></body></html>","text":"Great to have an old-hand to navigate the violatile environment. Good decision by the US President not to rock the equity market. Another 4 years of market growth, hopefully….","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/875049202","repostId":2185874498,"repostType":4,"repost":{"id":"2185874498","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1637589600,"share":"https://www.laohu8.com/m/news/2185874498?lang=&edition=full","pubTime":"2021-11-22 22:00","market":"us","language":"en","title":"Biden taps Powell for second terms as Fed chair; Brainard to be vice chair","url":"https://stock-news.laohu8.com/highlight/detail?id=2185874498","media":"Reuters","summary":"WASHINGTON, Nov 22 (Reuters) - Federal Reserve Chair Jerome Powell was nominated for a second four-y","content":"<p>WASHINGTON, Nov 22 (Reuters) - Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden on Monday, extending a tenure that began somewhat by chance, survived blistering criticism from former President Donald Trump, and now positions the ex-investment banker to finish the most consequential revamp of monetary policy since the 1970s.</p>\n<p>Lael Brainard, the Federal Reserve board member who was the other top candidate for the job, will be vice chair, the White House said.</p>\n<p>“While there’s still more to be done, we’ve made remarkable progress over the last 10 months in getting Americans back to work and getting our economy moving again,\" Biden, a Democrat, said in comments emailed to reporters. \"That success is a testament to the economic agenda I’ve pursued and to the decisive action that the Federal Reserve has taken,\" he said.</p>\n<p>Powell, 68, will need to be confirmed by the Senate, currently controlled by Biden's Democratic party but closely divided. 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