Economics
Biden Eyes Imprint on Fed Board as Decision on Powell Approaches
- Diversity, inequality, regulation seen as priorities
- Yellen said to be pleased with Powell’s performance as chair
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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.