Posted on 11/22/2021 2:23:03 PM PST by DoodleDawg
President Joe Biden announced Monday that he’s nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession in which the Fed’s ultra-low rate policies helped bolster confidence and revitalize the job market.
Biden also said he would nominate Lael Brainard, the lone Democrat on the Fed’s Board of Governors and the preferred alternative to Powell among many progressives, as vice chair. The president said he will fill the three remaining slots on the board, including a vice chair for supervision, a bank regulatory post, in early December.
(Excerpt) Read more at huffpost.com ...
My thought too
Just look at his nominee Saule Omarova for Office of the Comptroller of the Currency
Let the Arthur Burns jokes begin.
I'd like to make a slight alteration:
The senile Sleepy Joe's handlers could have ordered senile Sleepy Joe to do worse.
If Trump had won Powell would have been history. So he should thank his lucky stars.
... and the Democrat Party Cabal's election steal.
If I’m not mistaken, Lael Brainard refuse to say whether she is a capitalist or not....
So Biden wants a communist in charge of the currency and someone who refuses to say she’s a capitalist as Vice Chair of the Federal Reserve...
Could Biden have done worse ??? I guess if Hugo Chavez was still alive he could nominated to some important position.
How well has he accomplished his mandate so far?
The Federal Reserve Act mandates that the Federal Reserve conduct monetary policy “so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”
Well Trump nominated Powell to be Fed Chair. Trump disagreed with him later on, but Powell isn’t some leftist who wants to destroy capitalism.
Also, you can tell a lot by a man’s enemies. Powell is hated by the ‘progressive’ Democrats. Elizabeth Warren calls him a danger to America, Bernie Sanders has opposed him for years, and AOC and the rest of ‘The Squad’ can’t stand him.
Not much.
"We have to make sure our financial system can withstand climate change and is prepared to transition to clean energy,"... Jerome Powell
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