Skip to content
Business
Economics

Biden Advisers Weigh Powell as Fed Chair, Brainard as Vice Chair

  • Biden seen making Fed personnel announcements later in fall
  • Pairing Powell and Brainard could satisfy liberal Democrats
Video player cover image
Dudley 'Absolutely' Backs Powell Fed Chair Renomination
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Joe Biden’s advisers are considering a recommendation to the president that would pair a second term for Jerome Powell as Federal Reserve chair with the nomination of Lael Brainard as the central bank’s chief regulator, people familiar with the matter said, a plan that could assuage progressives resistant to Powell.