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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

By

Steven T. Dennis,

Mackenzie Hawkins and

July 26, 2021, 6:57 PM UTCUpdated onJuly 26, 2021, 11:57 PM UTC

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.