Economics
Biden Meets With Powell, Brainard at White House as He Weighs Fed Pick
- President hasn’t made decision on central bank leadership
- Choice will come ‘fairly quickly,’ he said on Tuesday
Lael Brainard listens as Jerome Powell speaks during an event in 2019.
Photographer: Zach Gibson/BloombergThis article is for subscribers only.
President Joe Biden met separately with Federal Reserve Chairman Jerome Powell and Fed Governor Lael Brainard at the White House on Thursday as he considers who will lead the central bank next year, according to people familiar with the matter. He has not yet made a decision, they said.
Brainard is regarded as Biden’s likeliest choice if he decides to replace Powell, an appointee of former President Donald Trump whose term expires early next year.