US President Joe Biden to keep Jerome Powell as Fed chair, Lael Brainard gets vice chair
President Joe Biden announced Monday that he's nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalise the job market
The President said he will fill the three remaining slots on the board, including a vice chair for supervision, a bank regulatory post, in early December