Biden Sticks with Jerome Powell for Another Fed Chair Term

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Between a COVID-induced recession, unprecedented stimulus, and, now, rising inflation, setting fiscal policy the past couple of years has been difficult sailing.

For the Biden administration, however, the path forward is simple: steady the ship and keep Jerome Powell at the helm. On Monday, the strategy became policy when the White House nominated the Federal Reserve chairman for a second four-year term.

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Source Fool.com