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As the White House weighs the potential renomination of Jerome Powell as chair of the Federal Reserve, officials are discussing the use of openings on the board to reshape the central bank to closer align with administration priorities such as inequality and tighter banking regulations, according to people familiar with the matter.
President Joe Biden currently has one vacant Fed governor seat to fill and could potentially replace three more top central bank officials in the coming year, depending on how much he wants to revamp the Fed’s leadership. Powell and Fed vice chairs Richard Clarida and Randal Quarles all have terms that will expire in coming months.
Biden Eyes Imprint on Fed Board as Decision on Powell Approaches
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Joe Biden appoints first-ever out lesbian to ambassador-level post
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President Biden nominates lesbian to ambassador-level post
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