Jerome Powell Accepts Renomination as Chairman of the Federal Reserve Board-US News | The Epoch Times

On November 22, Chairman Jerome Powell, in a press release, accepted his renomination for a second term by President Joe Biden to head the Federal Reserve Board. Lael Brainard, the Federal Reserve Board governor, also accepted her nomination the same day to be Vice Chair of the Fed in a separate press statement. It was expected by many that Biden would renominate Powell. Brainard, who was nominated to the Fed Board by former President Barack Obama in 2014, is widely seen as a check on Powell, as she is a known dove in regards to the retainment of easy monetary policy and low interest rates. The president currently has three Fed governor seats to fill, after the announced retirement of Randal Quarles at the end of 2021 and the expiration of Richard Clarida’s term in January 2022. The remaining vacancy was previously held by Secretary of the Treasury Janet Yellen. Powell …

Bryan Jung

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Israel Says It Won’t Commit to New Nuclear Deal Ahead of International Talks-Lorenz Duchamps

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