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HomeNewsOpinionWho will be the new Chairperson of the US Fed?

Who will be the new Chairperson of the US Fed?

Sashi Sivramkrishna   •

Will US President Joe Biden extend the term of the present Chairperson Jerome Powell, or will he appoint Lael Brainard, a member of the Fed’s Board of Governors? This is not simply a choice between two economists, but a political choice between them and their deeper social and political convictions 

At a highly anticipated news conference on November 3, Jerome Powell said the Fed was sticking by its bedrock economic forecast: COVID-19 will eventually fade, which, in turn, will enable supply chain bottlenecks to unsnarl.

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