President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a

clear that a more hawkish approach to monetary policy was in the offing, which Powell affirmed in

2 slot.A separate position of vice chair for supervision, a bank regulatory post, remains vacant, along with two other slots on the Fed’s board.... By either raising or lowering its benchmark interest rate, the Fed seeks to either cool or stimulate growth and hiring, and to keep prices stable.... Yet he has earned generally high marks for managing perhaps the most important financial position in the world, especially his response to the coronavirus-induced recession....

The job market remains robust and has strengthened to a point that Powell has said is

NEW YORK: Biden’s pick of Jerome Powell to continue as Federal Reserve( Fed) chair reassured

NEW YORK: U.S. President Joe Biden's pick of Jerome Powell to continue as Federal Reserve chair

supervision, a bank regulatory post, in early December.... In backing Powell, a Republican who was

Federal Reserve Chairman Jerome Powell speaks after President Joe Biden announced Powell's

Jerome Powell’s latest statements would unlikely to stir Indian markets, or affect portfolio flows

.... " That person is not Jerome Powell.” Including Whitehouse and Merkley, three Democratic senators