Skip to content
Subscriber Only
Business
Economics

How Biden Can Keep Jerome Powell and Make Progressives Happy

It looks like the Democratic president faces a difficult political choice concerning the Republican Fed Chair. But he has options.

Jerome Powell
Jerome Powell

Photographer: Graeme Jennings/Washington Examiner/Bloomberg

Subscribe to Stephanomics on Apple Podcasts
Subscribe to Stephanomics on Spotify

In Washington, the U.S. Federal Reserve is theoretically above the fray. But in these hyperpartisan times, both Democrats and Republicans are keen to keep the chair’s seat in their camp. As a result, President Joe Biden may have a tough decision to make this fall in whether to retain the central bank’s current chair, Jerome Powell, who happens to be a Republican. On this week’s podcast, host Stephanie Flanders delves into Biden’s options with Bloomberg Fed reporters Craig Torres and Rich Miller.