Friday, November 19, 2021

Biden has a major economic decision to make and he can’t seem to pull the trigger

Politico reports:
The decision would be soon. Then, it was “imminent.” At one point, it was slated to come in four days. Now, it’ll be by Thanksgiving. Maybe. President Joe Biden has been wrestling for weeks with whether to reappoint the current chair of the Federal Reserve, Jerome Powell, or replace him with Lael Brainard, a Democrat and economist who has served on the Fed board since 2014. The process has resembled a tortured morass of indecision. Forever the senator, Biden has engaged in an extended debate, soliciting opinions and facts far and wide as he looks to fill a vital post at a time of deep economic uncertainty and political peril.
A lot of money is at stake...