Business Highlights: Powell opposition, Holmes trial
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The president moved to replace two members who have been supporters of Postmaster General Louis DeJoy, a step that could portend a shift in leadership at the agency.
President Biden announced Friday the nomination of two new members to the Postal Service Board of Governors, including a new chairman, which could spell the end of Louis DeJoy's controversial tenure as postmaster general.
President Biden plans to nominate two new members to the U.S. Postal Service Board of Governors.
___ Two Democratic senators oppose Powell as Fed chair WASHINGTON (AP) — Two Senate Democrats will oppose the reappointment of Jerome Powell as chair of the Federal Reserve, as President Joe Biden is expected to announce within days who he will pick for the nation’s most powerful economic position.