Joe Biden says he has confidence in Jerome Powell, Federal Reserve chairman
When asked by reporters if he still supported Mr. Powell ,, the president replied, “so far, yes .”
Mr. Powell ,, who was appointed by President Trump to lead the central bank’s operations, will be retiring in February.
But he ‘s came under fire from far-left Democrats following revelations that high-ranking Federal Reserve officials traded securities during the pandemic.
Ms. Warren claimed that Mr. Powell had created a “culture of corruption” in the bank. She stated that the transactions raised “legitimate concerns” about possible conflicts of interest or insider trading.