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Biden promises early announcement on next Fed chairman

2021-11-02T20:27:11.024Z


Joe Biden assured Tuesday that he would announce "fairly quickly" his decision to re-appoint Jerome Powell as head of the Central Bank ...


Joe Biden assured Tuesday that he would announce

“fairly quickly”

his decision to re-appoint Jerome Powell as head of the American Central Bank (Fed), stressing that there were

“a lot of good”

candidates.

Read alsoJay Powell, the boss of the Fed in the sights of the Democratic left wing

The reflections are

"underway for a while",

underlined the American president during a press conference in Glasgow (Scotland) for the COP26.

“I've thought about it a lot

,

” he

said,

“there are a lot of good (candidates) but I'm not going to speculate now”

.

Divisions on a second term of Powell

Jerome Powell's four-year term ends next February.

The White House must name the future president before confirmation from Congress.

Democrats are very divided over whether to give him a second term.

Source: lefigaro

All business articles on 2021-11-02

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