December 6, 2021

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US President Joe Biden has announced the second term of office of Jerome Powell. He will be head of the Federal Reserve until 2025

Current Federal Reserve Governor, Jerome Powell Confirmed by the President Joe Biden Led by the US Federal Reserve for the second time. Powell, 68, a Republican, has been chairman of the Federal Reserve since 2018, after which he was nominated for his first term. Donald Trump, Powell’s monetary policy for another 4 years. He was appointed vice-president Lale Brinard Takes place Richard Clarida. The reaffirmation of the presidency is almost practical. Janet Yellen, Who preceded Powell, is the first president to be reaffirmed in the last 40 years. The presidency should come next to the nomination process Confirmed by the Senate.

US inflation is coming at a very subtle moment of reaffirmation, the highest in 30 years. (6.2%). Situation of pressure on the central bank. Formulating its monetary policy Less expansion The central bank can actually contribute to controlling price growth. However, in doing so it risks weakening the economic recovery later on Very delicate Considering the signs of Govt resurrection.

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