December 3, 2021

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Biden Renominates Powell as Fed Chair

Biden Renominates Powell as Fed Chair

new video loaded: Biden Renominates Powell as Fed Chair

transcript

transcript

Biden Renominates Powell as Fed Chair

President Biden introduced that he was nominating Jerome H. Powell, the Federal Reserve chair, to a different four-year time period. He additionally nominated Lael Brainard, a Federal Reserve governor, because the vice chair.

At this time, I’m nominating Jerome Powell for a second time period as chair of the Federal Reserve. And I’m — I’m nominating Lael Brainard to take the place as vice chair of the Federal Reserve. When our nation was hemorrhaging jobs final yr and there was panic in our monetary markets, Jay’s regular and decisive management helped to stabilize markets and put our financial system on observe to a sturdy restoration. Small enterprise creation is surging, surging in America right this moment, which is why I’m proud to say in case you have a look at my presidency to this point, it’s a jobs presidency and it’s a small enterprise presidency. So in case you have a look at the information, right here’s what the file reveals: file job creation, file financial development, file new small enterprise creation. That’s the story that ought to give us confidence in regards to the financial system that we’re constructing, confidence in ourselves, confidence sooner or later.

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