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Biden’s Fed Chair Pick Is ‘Imminent,’ Senate Banking Chair Says

  • Biden has interviewed Powell, Brainard for chairman job
  • Yellen has advised Brainard credible but still nods to Powell
Sherrod Brown

Sherrod Brown

Photographer: Andrew Harrer/Bloomberg
Updated on

Senate Banking Chairman Sherrod Brown said he was told by White House officials to expect an “imminent” announcement about President Joe Biden’s pick to chair the Federal Reserve.

“I hear it’s imminent,” Brown, an Ohio Democrat, said Monday in a brief interview at the Capitol. “I’m not going to speculate who I think it might be now. I assume the decision’s been made and they haven’t announced it, but I don’t even know that,” he said.