Fed’s Powell, Brainard to get Senate hearings next week; Biden promises diversity

Published by
Reuters

WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell will make his first public appearance of 2022 next week as lawmakers consider him for a second four-year term, while President Joe Biden weighs his picks for three other Fed Board seats with an eye to diversity. The Senate Banking Committee will consider Powell’s renomination on Jan. 11 at 10 a.m. Eastern (1500 GMT), the panel said on its website Tuesday. It will hold a separate hearing on Jan. 13 to consider the nomination of Fed Governor Lael Brainard to be vice chair. Biden is making diversity a priority in his selection of other Fe…

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