US President Joe Biden says he will nominate Jerome Powell for a second term as chair of the Federal Reserve. A Republican, Powell was first elevated to his post by President Donald Trump.
Biden to keep Powell as Fed chief as inflation surges bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
Crude oil price is on a decline despite the inventory draw. IEA and OPEC forecast heightened supply in coming months; an aspect that has weighed on prices.
US President Joe Biden on Monday tapped Jerome Powell to serve a second term as chair of the US Federal Reserve, allowing him to keep leading the response to the economic damage caused by Covid-19 while dealing with a wave of record inflation.