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Economic news

Biden congratulates Powell, promises Fed ‘laser focus’ on inflation

05/31/2022

Less than a minute

2022.05.31 21:15

Biden congratulates Powell, promises Fed 'laser focus' on inflation
U.S. President Joe Biden announces the nomination of Federal Reserve Chair Jerome Powell for a second four-year term, and Federal Reserve board member Lael Brainard to serve as vice chair,as Powell stands byin the Eisenhower Executive Office Building’s

WASHINGTON (Reuters) – U.S. President Joe Biden said he and Jerome Powell will discuss inflation in a White House meeting Tuesday, and pledged to give the Federal Reserve chair space to do his job.

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05/31/2022

Less than a minute