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Republican senator calls on Biden to reappoint Powell to top Fed job

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Reuters

By Ann Saphir and Trevor Hunnicutt (Reuters) -President Joe Biden should keep Jerome Powell at the helm of the Federal Reserve for another four years to build confidence in an improving economy that still faces significant risks, Senator Steve Daines said in a letter to the president on Thursday. “Changing the top leadership at this sensitive time could foster uncertainty across the financial system and undermine our economic recovery,” Daines, a Montana Republican, wrote. His letter was the first formal call for Powell’s reappointment from a member of the Senate Banking Committee, which votes…

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