Powell Gets Unlikely Boost With His Liberal Critics in Disarray
- Progressives haven’t coalesced around another candidate
- Ocasio-Cortez, other progressives demand Biden replace Powell
This article is for subscribers only.
Liberal Democrats are publicly assailing Federal Reserve Chairman Jerome Powell’s record in an effort to persuade President Joe Biden not to give him a second term, but they aren’t yet lining up behind any one alternative to run the central bank.
New York Representative Alexandria Ocasio-Cortez, Michigan Representative Rashida Tlaib and other vocal House progressives, as well as nearly two dozen liberal groups, wrote separate memos this week criticizing Powell’s Fed without endorsing a replacement. Their silence on an alternative only serves to bolster Powell’s chances of renomination because it gives him more space to quietly campaign for the job without a clear opponent.