Powell gaining Senate moderates’ support

Axios/Alayna Treene and Hans Nichols

Repost from 9-17-2021

photo showing Jerome Powell and Lael Brainard during Fed Board of Governors meeting“Some Senate Democrats are urging President Biden to reappoint Federal Reserve Chairman Jerome Powell for a second term, suggesting that replacing him could erode the independence of the institution.”

USAGOLD note: According to this Axios report, Powell looks to be in pretty good shape as far as Senatorial support goes. So, it gets down ultimately to how the White House sees it, and as we have framed in the past, whether it prefers the moderate Powell or the more liberal Brainard. Thus far, its economic policies have been decidedly left of center.

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