2021 NOVEMBER 23 NEW YORK TIMES – BIDEN SEEKS TO RETAIN POWELL AS LEADER OF FED

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In a surprising move, President Joe Biden is seeking to retain Jerome Powell as the leader of the Federal Reserve. Powell, who was appointed by former President Donald Trump, has been praised for his steady hand during the economic challenges of the COVID-19 pandemic.

Biden’s decision to keep Powell in his current position has garnered mixed reactions from both Democrats and Republicans. Some believe that Powell’s experience and expertise are crucial to navigating the uncertain economic landscape ahead, while others argue that a new leader with a fresh perspective is needed.

Despite the controversy surrounding his reappointment, Powell has expressed his commitment to serving the American people and ensuring a stable and prosperous economy. As the Federal Reserve continues to play a pivotal role in shaping monetary policy and guiding the country’s economic recovery, all eyes will be on Powell and his leadership in the months to come.
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