Biden keeps Powell as Fed chief, names Brainard vice chair
The second four-year term for Jerome Powell rewards him for his work rescuing the economy from the pandemic and tasks him with protecting that recovery from surging prices.
President Joe Biden selected Jerome Powell for a second four-year term as Federal Reserve chair and elevated Governor Lael Brainard to vice chair, maintaining consistency at the central bank as it grapples with the fastest inflation in three decades along with the lingering effects of the coronaviru
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