Home Economy News Biden says he will make Fed nomination announcements ‘fairly quickly’

Biden says he will make Fed nomination announcements ‘fairly quickly’

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Economy8 minutes ago (Nov 02, 2021 03:46PM ET)

(C) Reuters. FILE PHOTO: An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst

GLASGOW (Reuters) – President Joe Biden said on Tuesday that the White House will be making an announcement about his nominations to lead the U.S. Federal Reserve “fairly quickly.”

Biden told reporters that he has been thinking about personnel decisions, including whether to re-nominate Fed Chair Jerome Powell, and that he expected there would be “plenty of time” for his central bank nominees to be cleared by the Senate before current terms expire.

Biden says he will make Fed nomination announcements ‘fairly quickly’

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