Biden advisers weigh Powell and Brainard for Fed roles

A Bloomberg News report has it that
U.S. President Joe Biden’s advisers are considering recommending Jerome Powell for a second term as Federal Reserve chair with Lael Brainard as chief regulator.

According to Bloomberg, Biden is yet to weigh in on Fed personnel decisions and a decision by him is not expected until fall.

Bloomberg has previously reported that Powell has the backing of Treasury Secretary Janet Yellen to remain as chair.