Powell 'right person' to lead Fed, fight inflation: Biden - NewsBreak

Home > Business
By Victor in Business
Updated 2 years ago

Jerome Powell is the "right person" to lead the Federal Reserve and fight the record spike in US inflation, President Joe Biden said Monday as he made his long-awaited pick for chair of the world's most influential central bank. "I believe Jay is the right person to see us through and finish that effort while also addressing the threat of inflation and what it poses to our economies and families," Biden said, referring to Powell by his nickname.