Economy

Biden meets with Fed’s Jerome Powell and Lael Brainard as nomination decision nears

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Lael Brainard, governor of the U.S. Federal Reserve with Fed Governors, Jerome Powell and Stanley Fischer.

Andrew Harrer | Bloomberg | Getty Images

President Joe Biden met with Federal Reserve Chairman Jerome Powell and Governor Lael Brainard on this week as the administration decides whom to nominate to lead the central bank for the next four years, according to a person familiar with the matter.

Powell and Brainard, who met with Biden separately, are seen as the two most likely candidates to lead the globe’s most powerful central bank, which sets interest rates, works to control inflation and oversees the country’s largest banks.

The person told CNBC that the president has not made a final…



Source cnbc.com

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