Source: Caitlin Reilly, ROLL CALL, 11/22/21

 President Joe Biden said Monday he plans to stick with Jerome Powell as Federal Reserve chair, supporting continuity in leadership as annual inflation topped 6 percent last month in the fastest increase in three decades.  Biden praised the Republican's handling of the economy during the pandemic and stressed the importance of stability and independence on the board. The president also nominated board member Lael Brainard, a front-runner for the top job favored by progressives, to take over as the Fed’s vice chair. That position is currently held by Richard H. Clarida, whose term expires on Jan. 31.

For more of this story, click here.