Biden Weighs Choice of Jerome Powell or Lael Brainard as Fed Chair – The Wall Street Journal

President Biden is expected to decide as soon as this week whether to appoint Federal Reserve Chairman Jerome Powell or governor Lael Brainard to a four-year term leading the central bank beginning next February.

Because Ms. Brainard’s views on inflation and interest rates have been similar this year to Mr. Powell’s, policy continuity seems likely no matter who is chosen.

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