President Biden: "Today I am nominating Jerome Powell for a second term as Chair of the Federal Reserve. I'm nominating Lael Brainard to take the position as Vice Chair of the Federal Reserve."
On why he's renominating Powell: "Put directly, at this moment of both enormous potential and enormous uncertainty for our economy we need stability and independence at the Federal Reserve."
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Title: President Biden Renominates Jerome Powell to be Fed Chair
Sourced From: www.youtube.com/watch?v=wdnjU0KOarQ