All the Right People in Media Were Mad About John Bolton's Home Being...
Trump Won’t Let Pinko Jerks Who Hate America Define American History
Democrats Seem To Love Black Death
And Stay Out!
Crackdown and Clean-Up in DC
Should Men Cry In Front Of Women?
The Woke Left Goes Lock, Stock, and Cracker Barrel
The Woke Left Goes Lock, Stock, and Cracker Barrel
When 'Woke' Businesses Betray Their Customers
Israel is Not Committing Genocide in Gaza, Despite Hamas Terrorists’ Claims
Rising Anti-Semitism: A Real Crisis Affecting Real People
USDA Ends Taxpayer-Funded Solar on Prime US Farmland
Armed and Deployed: Trump’s National Guard Crackdown in D.C. Sends Clear Warning to...
Nine Days, Zero Murders: Trump’s D.C. Crackdown Delivers Results
Arizona Charges 170 in Immigration Sweep
Tipsheet

Will the Federal Reserve Get a New Chairman? Biden Has Made His Decision

AP Photo/Manuel Balce Ceneta

President Joe Biden will renominate current Federal Reserve Chairman Jerome Powell to continue leading the agency for another term. He will make an official announcement from the White House Monday afternoon. 

Advertisement

"The President will announce his nominees for Chair of the Board of Governors of the Federal Reserve System, Jerome Powell, and Vice Chair of the Board of Governors of the Federal Reserve System, Dr. Lael Brainard. Chair Powell and Dr. Brainard will also deliver remarks," the White House released in a statement. 

The announcement comes as inflation continues to spiral out of control. 

Former Federal Reserve chairwoman and current Treasury Secretary Janet Yellen is applauding the move. 

"An independent and experienced Federal Reserve was critically important to navigating this turbulent time and will continue to be crucial as we recover and confront new threats to our economy. Over the past few years, Chair Powell has provided strong leadership at the Federal Reserve to effectively meet and address unexpected economic and financial challenges, and I am pleased our economy will continue to benefit from his stewardship. I am also grateful that the President has nominated Dr. Brainard to serve as Vice Chair. Lael is a respected economist with years of experience and has been instrumental in the nation’s recovery," Yellen released in a statement. "As Treasury Secretary, I will continue to support a strong and independent Federal Reserve, empowered to pursue its dual mandate of stable prices and maximum employment to benefit American workers and families." 

Advertisement

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement