The 2 principal sponsors of the 2010 financial-regulatory laws that bears their names stated Monday that President Biden ought to reappoint Fed Chairman Jerome Powellto a second term atop the central financial institution.
The endorsement of Mr. Powell by former Sen. Chris Dodd (D., Conn.) and former Rep. Barney Frank (D., Mass.) is notable as a result of the Fed chairman has encountered stiff resistance from some liberal Democrats who’re upset at measures to ease financial regulations beneath Mr. Powell. They’ve cited that report in urging Mr. Biden to choose another person to guide the Fed when Mr. Powell’s time period expires in February.
https://www.wsj.com/articles/chris-dodd-barney-frank-back-fed-chairman-powell-for-second-term-11631570776?mod=pls_whats_news_us_business_f | Chris Dodd, Barney Frank Again Fed Chairman Powell for Second Time period