Powell Renominated for Fed Chair But Biden Will Reshape the Fed to His Liking



Recall that former Fed Chair Ben Bernanke commented “Only three opinions matter, the Fed Chair, vice Chair, and President of the New York Fed.”

When it comes to banking regulation, we need to add vice chair of bank supervision.

Biden has will have named three of these four slots but Powell is a holdover.

Is everyone happy? 

Author(s): Mike Shedlock

Publication Date: 22 Nov 2021

Publication Site: Mish Talk