The White House is pondering whether or not to take the keys to the U.S. economy away from Federal Reserve Chairman Jerome Powell, with the decision likely boiling down to politics.
Powell’s term as Fed chairman expires in February of next year, meaning President Joe Biden would have to decide on Powell’s fate relatively soon in order to give the Senate enough time to proceed with the confirmation process.
But calls within the Democratic party are emerging to boot Powell.
Politico reported…
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