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    Biden’s chance to rebuild the Federal Reserve Board

    President Biden’s decision to nominate Jerome Powell Second term as chairman of the Federal Reserve Board This is a possible first step in a remake of the central bank’s Washington-based board. The White House said Monday that the president would also promote Rael Brainard of the Federal Reserve Board to Vice-Chairman of the Board. In the coming months, Mr. Biden will have one vacant seat on the seven-seater board and another vacant, in the position of Vice-Chairman for oversight. Together, these moves give Mr. Biden the opportunity to fill most positions on the board.

    The six members of the board of directors are:

    Chairman Jerome Powell, The first four-year term as chairman will expire in February.If confirmed in time by the Senate, he will start His second term During February.

    Biden’s chance to rebuild the Federal Reserve Board

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