Economics
Elizabeth Warren Will Vote Against Powell’s Second Term, But Backs Brainard
- Massachusetts Democrat has called Powell a ‘dangerous man’
- Whitehouse, Merkley say they will oppose Powell in Senate vote
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Senator Elizabeth Warren said she’ll vote against Jerome Powell’s re-appointment to chair the Federal Reserve, but that she’ll support Lael Brainard, whom President Joe Biden nominated for the central bank’s No. 2 slot.
“It’s no secret I oppose Chair Jerome Powell’s renomination, and I will vote against him. I will support the president’s nomination of Lael Brainard as Vice Chair,” the Massachusetts Democrat said in a statement Monday.