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Biden would be insane to nominate anyone other than Jerome Powell for Fed chair

2 monthes ago   |   By

Summary List Placement In a post praising Federal Reserve Chairman Jerome Powell's stalwart comments on monetary policy in the face of elevated inflation, Robert Kuttner of The American Prospect remarks that he has heard from "sources" that President Biden likely will not renominate Powell to another term running the Fed. (Powell's term is set to expire early next year.)
This of course is an unsourced rumor, and I don't want to put too much stock in it. Jordan Weissmann of Slate tweets reasons to doubt Kuttner's sources' assessment :
"Nobody I talk to has heard anything substantive...
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Watch Fed Chair Powell speak live to Senate banking panel on the economy and policy

Watch Fed Chair Powell speak live to Senate banking panel on the economy and policy

2 monthes ago   |   By

Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Banking Committee.
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The Fed chair will appear again before Congress, as inflation continues to rise

2 monthes ago   |   By

Jerome H. Powell acknowledged to a House committee on Wednesday that “the incoming inflation data have been higher than expected and hoped for.”
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