Senator Brown Sees Powell Renomination as Fed Chief as a ‘Maybe’
- Banking panel chair expects Biden to nominate a slate of picks
- Citing inflation, GOP senator opposes Powell without changes
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Senate Banking Committee Chair Sherrod Brown said that he expects President Joe Biden will release a combination of nominations to the board of the Federal Reserve at the time he unveils his decision on the central bank chair, which may or may not be Jerome Powell.
“I think the president -- I don’t speak for him of course -- but is probably waiting, and going to put a whole slate forward” of up to four Fed board picks, Brown, an Ohio Democrat, said in an interview Tuesday on Bloomberg Television’s “Balance of Power With David Westin.” He said he has talked with the president about the matter, though couldn’t predict what Biden will do.