[2보] Biden decides to keep Powell as next Federal Reserve Chairman
(Washington = Yonhap News) Correspondent Ryu Ji-bok = U.S. President Joe Biden announced on the 22nd (local time) that he has decided to retain Jerome Powell as the next Federal Reserve Chairman.
“This success is a testament to the economic agenda I pursued and the decisive action the Fed has taken,” Biden said in an email comment to reporters, according to Reuters and Associated Press. “He said.
Chairman Powell took office in 2018 after being nominated by former President Donald Trump.
He was selected as the No. 1 candidate according to the past precedent of many consecutive appointments and the evaluation that he led financial policy smoothly during the economic crisis of the epidemic.
Powell will begin his second term in February next year if the Senate confirmation hearing is passed.
Fed Director Rayle Brainerd, who was nominated along with Powell for chairman of the Fed, was nominated as vice chairman of the Fed.
jbryoo@yna.co.kr
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