US President Biden is about to choose the FED chairman-reports indicate a change between Powell and Brainard

After the adoption of the Biden government's infrastructure law, the US President seems to approach his decision whether he will experience Jerome Powell, the current chairman of the Federal Reserve Board, or not. According to some reports, Powell could be selected, but other reports say that the member of the Fed Governor Council, Lael Brainard, could also be a leader for the position.

President Biden chooses Fed boss "pretty quickly"

In the middle of the increasing inflation and the supply chain problems, US President Joe Biden is thinking about who will lead the Federal Reserve when Jerome Powell's term of office ends next February. Media experts say that the Timing " is decisive " Target = "_ blank" href = "https://news.bitcoin.com/fed-minutes-s-s-kentral-cindral-coodt-in-2021-while-some--members-to-wait/" Rel = "noopener"> Discuss the quantitative loosening (QE) Adjust above. Of course these were all so far and the members of the fed have Purchase of securities and raising the reference interest rate.

In the meantime, the increasing inflation raised his ugly head in the life of the Americans, and purchasing power has decreased in the past 12 months. The data from the consumer price index (CPI) rose by 6.2% last year The stock markets vomit after the message became known. The latest CPI data even caused bidges to give an explanation of increasing inflation, since the US President said that the White House would concentrate on getting people back to work, "reducing prices" and "ensuring that our business is fully equipped".

Now it says in various reports that bids are currently in choosing a new chairman of the Federal Reserve Board or having Jerome Powell kept his post. CNN-Mit-acting John Harwood and Phil MattinGly explain the "[jerome] powell [is] In order to be the chairman of the Federal Reserve if he approaches a decision.

Eleven days ago, Biden spoke at a press conference about his decision on the position of the Fed chairman and indicated that it was "pretty quick". "I thought a lot about it and made my business advisors to make the best decisions and we have many good decisions," Biden told reporters. "But I'm not going to speculate now," added the president. Despite the CNN report, other leading articles claim that bidges could choose the member of the Fed Governor Council, Lael Brainard. Rob Garver, a contributor at voanews.com, der The most recent increase in inflation could affect the decision of the Fed chairman Biden.

The reports on the election of a new FED chairman through bidges will soon follow in mid-September ” Sources with connections to Washington , ”said that biden Jerome Powell will rename again. However, three politicians from the Financial Service Committee of the House of Representatives were, however, urges biden to choose a new Fed chairman who will deal with social justice and climate change. The representatives of the US Democrats Alexandria Ocasio-Cortez (AOC), Rashida Tlaib and Ayanna Pressley emphasized on August 30th: