The role of the US Federal Reserve will be determined in 4 days

US President Joe Biden announced last night that he would decide on the final candidate for the post of Governor of the US Federal Reserve in the next four days, Reuters reported, quoting Reuters.

This is important because, on the one hand, Biden is in the first year of his presidency, and on the other hand, he must appoint someone to accompany him in the implementation of his economic plans.

“Yes, in my grandfather’s words,” Biden told reporters when asked if he had a specific option. With the care of God and the grace of the neighbors, you will hear the news in the next 4 days.

Last week, a White House official said Biden was still weighing in on current incumbent Jerome Powell for another term or the appointment of Lael Brennard. However, whether Powell, who was appointed by Donald Trump, or Bernard, who holds a doctorate in economics and is a Democrat, becomes the next governor of the US Federal Reserve, he will face difficult conditions due to the crisis of high inflation.

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