Biden Advisors Weigh Powell As Fed Chairman, Brainard As Vice Chairman | National / World

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WASHINGTON – Advisors to President Joe Biden are considering recommending Jerome Powell for a second term as Federal Reserve chairman, along with Lael Brainard as chief central bank regulator, people familiar with the matter said, a plan that could appease progressives resisting a second term for Donald Trump’s Fed chief.

Biden has yet to weigh in on the decisions of Fed staff and his decision is not expected until the fall, people said.

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