Biden Inches Closer to Naming Next Federal Reserve Chair, Other Picks
- White House begins to zero in on whether to renominate Powell
- Shaky economic news spotlights Powell leadership as term ends
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President Joe Biden and key advisers have begun to zero in on filling a series of vacancies at the Federal Reserve as Chair Jerome Powell’s term winds down amid a push for stricter ethics rules and a more diverse central bank board.
Biden has started to meet with top White House and Treasury aides to review candidates, according to two people familiar with the process, even as the White House has been largely consumed with negotiations over the size and contents of the president’s multi-trillion-dollar economic agenda.