BBCNEWS World Business Report November 23, 2021 05:31:00
Let's start in the us, because after months of speculation, joe biden has nominated jerome powell for a second term as fed chair. the role is known as the most powerful economic position in the world and the financial markets initially reacted positively to the announcement, with the s&p 500 hitting a record high before retreating. lael brainard will be vice chair of the central bank as it wrestles with high inflation which, if it lasts, could play a pivotal role in congressional elections next year. the bbc�*s michelle fleury has more from new york. four years ago president trump backed tra...