The Wall Street Journal Editorial Board said Wednesday that the choice between the next chair of the Federal Reserve is a choice between “Tweedledum and Tweedledee.” President Joe Biden last week met with the two leading candidates, current Chairman Jerome Powell and governor Lael Brainard, ahead of his decision to appoint one of them to a four-year term leading the central bank, beginning next February. Powell, 68, was appointed chair by former President Donald Trump and is seen as a front-runner for the role. His four-year term is set to end in early February. The current Fed chairman has backing from moderate Democrats as well as Republicans, and has notably helped to engineer a rapid and strong recovery from the pandemic recession, although inflation levels across the United States are currently at an all-time high. Brainard, 59, took office as a member of the Board of Governors of the Fed …
WSJ Editorial Board Says Choice for Federal Reserve Chief Is Between ‘Tweedledum and Tweedledee’
November 18, 2021
admin
Executive BranchFederal Reservejerome powellPoliticspresident joe bidenThe Wall Street JournalUSUS News
0 Comment