U.S. President Joe Biden announced on the 22nd (local time) that incumbent Jerome Powell will remain as the next Federal Reserve Chairman.
Chairman Powell took office in 2018 after being nominated by former President Donald Trump.
Chairman Powell was selected as the no.
Powell will begin his second term in February next year if the Senate confirmation hearing is passed.
Fed Vice-Chairman Rayle Brainerd, who, along with Powell, was nominated as Fed Vice-Chairman.
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