Biden to keep Powell as Fed chief as inflation surges
Raw Story -

President Joe Biden on Monday tapped Jerome Powell to serve a second term as chair of the US Federal Reserve, allowing him to keep leading the response to the economic damage caused by Covid-19 while dealing with a wave of record inflation.

The nomination, expected to win confirmation by the Senate, ends weeks of speculation over whether Biden, a Democrat, would reappoint the Republican chair, or heed calls from the left wing of his party to replace him with a candidate like Fed Governor Lael...

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