A centrist Democrat on the Senate Banking Committee said President Biden should nominate Federal Reserve Chairman Jerome Powell to a second term, the latest volley in an intraparty rift over the future leadership of the Fed.
Montana Sen. Jon Tester said in an interview Wednesday that he was concerned by recent calls from progressive House Democrats to replace Mr. Powell with someone who would focus the Fed on advancing liberal political priorities, including climate change. Mr. Tester said he worried doing that would harm the economy by politicizing the central bank.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Education News Click Here
For the latest news and updates, follow us on Google News.
