Salem Radio Network News Thursday, October 21, 2021

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Biden has “confidence” in Fed chair, undecided on future

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President Biden has confidence in the Fed chairman, but no decision on his renomination. The president will soon face a decision whether or not to re-nominate Federal Reserve Chairman Jerome Powell to another four-year term. Mr. Biden told reporters he has “confidence” in Powell, but acknowledged the central bank chief has critics. Democratic Senator Elizabeth Warren wants Powell gone, claiming he’s a threat to the economy. Powell generally receives high marks from economists and Wall Street for his actions in steering the economy through the pandemic recession.

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Bob Gorrell
Tue, Oct 12, 2021

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