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After months of speculation and weeks of apparent hesitation, Joe Biden has decided to stick with Jerome Powell for what is, arguably, the most powerful economic job in the world.
He does this despite clear indications that this will anger the left in his party. Some liberals in the closely-divided Senate have already promised to oppose Powell, who was first selected by Donald Trump, when his nomination comes to a vote in the chamber.
Biden may think that by also picking the more left-leaning Lael Brainard to be vice-chair he would assuage some of this dissatisfaction, but that seems unlikely for liberals who want the Federal Reserve to be more aggressive in addressing income inequality and banking power.
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โพสต์โดย : pitcha
