Wall Street will head into the Thanksgiving holiday with one less worry after President Joe Biden decided to nominate Jerome Powell for a second four-year term as Federal Reserve chair.
Biden also elevated Governor Lael Brainard to vice chair. Taken together, the moves are likely to ensure consistency at the central bank as the U.S. economy grapples with continued fallout from the pandemic and rising inflation.
"street" - Google News
November 23, 2021 at 01:58AM
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Wall Street Breathes Sigh of Relief as Powell Gets Second Fed Term - Bloomberg
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