Joe Biden's Fed conundrum: Stick with Jerome Powell or let him go?
CNN
President Joe Biden faces a number of economic concerns, from supply chain disruptions to inflation. But the White House will soon need to tackle another major financial issue: whether or not to nominate Federal Reserve chairman Jerome Powell for a second term.
Powell's tenure as Fed chair is set to end in February, and a growing number of prominent Democrats in Washington are calling on Biden to choose someone else to head the Fed.
Until a few months ago, it seemed like a slam dunk that Biden would follow the lead of his former boss, Barack Obama, and ignore partisan politics.
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