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Fed Chief Powell Has Won Fans Among Senior Senate Democrats

  • Brown, Warren not yet on board but others applaud his actions
  • Powell’s term at the central bank’s helm is due in February
Dick Durbin
Dick Durbin

Photographer: Susan Walsh/AP/Bloomberg

Updated on

Federal Reserve Chairman Jerome Powell has won over a number of influential Senate Democrats who are prepared to back him for another term, though a key pair remain holdouts and are unhappy with his leadership on regulation.

A number of Democrats praise his handling of the coronavirus crisis in particular and say they trust President Joe Biden’s judgment should he choose him for another term. Powell’s present term expires in February.