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Yellen Backs Powell Reappointment, Boosting Second-Term Odds

  • Powell faces battle winning approval from some Democrats
  • Biden said to weigh in on Fed chair decision around Labor Day
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Dudley 'Absolutely' Backs Powell Fed Chair Renomination
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U.S. Treasury Secretary Janet Yellen has told senior White House advisers that she supports reappointing Jerome Powell as Federal Reserve chair, according to people familiar with the matter, a move that greatly increases his chance for a second term.