2021-11-17

When will the next chairman of the Federal Reserve be announced? Biden: it will be announced in about four days

By yqqlm yqqlm

Beijing, Nov. 17 (Xinhua) according to the “Central News Agency”, US President Joe Biden said on the 16th that he may announce who will run the US Federal Reserve (FED) before the beginning of next week</ P>

Biden told reporters: “you will know in about 4 days.”

, the White House, has been keeping a close eye on Biden who is in charge of the Federal Reserve and is trying to revive COVID-19 from the global perspective. The position of the Central Bank of the United States is most important to the US and the international economy. p>

When will the next chairman of the Federal Reserve be announced? Biden: it will be announced in about four days

some people believe that Biden will nominate current Fed chairman Powell for re-election. Although Powell is a Republican, the current democratic government officials have much praise for him

however, the influential Left Party in the Democratic Party pressed Biden to choose Federal Reserve director brannard as the chairman of the Federal Reserve. Supporters believe that brannard will strengthen banking norms

economists believe that at a time when inflation hinders the economic recovery from the epidemic recession and leads to the decline of Biden’s support, no matter who Biden chooses as chairman of the Federal Reserve, the Federal Reserve is unlikely to change its policy in the short term