Economic news
Biden has confidence in Fed Chair Powell -White House
2023.03.20 16:36
© Reuters. FILE PHOTO: U.S. President Joe Biden meets with Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Janet Yellen to talk about the economy in the Oval Office at the White House in Washington, D.C., U.S., May 31, 2022. REUTERS/Leah Millis
WASHINGTON (Reuters) – President Joe Biden maintains confidence in Federal Reserve Chair Jerome Powell, the White House said on Monday, amid criticism about the multiple rate increases the Fed has approved in recent months and its handling of the banking crisis.
Democratic Senator Elizabeth Warren told NBC’s “Meet the Press” on Sunday that Powell has failed and should not be in his job.
