Biden Fed Pick Pits Powell Against Liberal Push for Regulation
- Republicans see path to fairly broad Powell confirmation vote
- Brainard, other possible picks could mean a Capitol Hill slog
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
President Joe Biden has a tough decision in choosing the next Federal Reserve chair: Play it safe by giving Jerome Powell a second term or take a chance on a liberal like Lael Brainard, who would please progressives in Congress yet potentially agitate Wall Street.