Biden reappoints Powell as U.S. Fed chair in bid to shore up economy

President Joe Biden said Monday he plans to keep Jerome Powell as chairman of the U.S. Federal Reserve for a second four-year term, tasking him with putting the world's largest economy on a recovery track from the coronavirus pandemic while tackling worsening inflation.The president also said he intends to elevate to the post of Fed vice chair Lael Brainard, who has been a board member of the central bank and was a leading candidate to replace Powell."I'm confident that Chair Powell and Dr. Brainard's focus on keeping inflation low, prices stable, and delivering full employment will make ou…READ FULL ARTICLE