President Biden is expected to reveal as soon as this week his choice to lead the Federal Reserve, with Democrats divided over whether to offer Jerome Powell a second term or replace him with Lael Brainard
President Biden faces one of the most important economic policy decisions of his presidency, which is expected this week, when deciding who should lead the Federal Reserve when Chairman Jerome Powell’s term expires in
February.because he is considering whether to reappoint Mr. Powell for a second four-year term or elevate governor Lael Brainard, who has strongly backed the central bank’s interest rate policy over the past four years.
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