The president of United States, Joe Biden, has indicated this Tuesday, November 16, that at the end of this week he will announce who will lead the Federal Reserve. The agent can choose to keep or not to Jerome Powell to the front or replace him by the governor of the Fed, Lael Brainard.
The dignitary of the world’s first economy made the announcement to reporters during a trip to the state of New Hampshire, where he was promoting his recently enacted infrastructure agreement.
According to the Bloomberg portal, Biden he is still evaluating which of the two officials he will nominate, according to a person familiar with the matter.
“He considers both to be strong options and respects them both,” said the source, who has remained anonymous.
The election of the head of state must be approved by the Senate later.
Precisely, the president of the Banking Committee of the upper house, Sherrod Brown, said that he has no doubts that this body confirms any of the candidates. Banking Committee approval would be the first step in the confirmation process.
“I’m sure we would confirm either of them,” Brown, a Democrat from Ohio, said Tuesday, adding that either could have broad Democratic support and could get some Republican backing. “I am absolutely sure,” he remarked.
With information from AFP and Bloomberg.
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