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U.S. Sen. Manchin looking ‘favorably’ on Fed’s Powell renomination

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Reuters

(Reuters) -U.S. Senator Joe Manchin is looking favorably at the prospect of Jerome Powell being renominated as Federal Reserve chair, though he has not made a decision on whether to support him or not, a spokesperson said on Thursday. Manchin’s remarks were earlier reported by The Hill. Democratic President Joe Biden said earlier this week he will likely decide by the end of this week whether to keep Powell in his post another four years or elevate Fed Governor Lael Brainard to the job. With the Senate split evenly between Democrats and Republicans, Biden has made it a practice of seeking Manc…

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