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Treasury Secretary and former Chair of the Federal Reserve Janet Yellen will support another term for her successor Jerome Powell as head of the US central bank, according to a report from Bloomberg on Saturday.
Yellen made such comments to senior White House advisors, Bloomberg reported, citing people familiar with the matter.
Powell’s four-year term as Fed chair will end in early 2022. President Joe Biden, who has the responsibility of appointing the chair of the Fed, will reportedly make a decision on the matter in coming days.
Yellen, who was appointed chair of the details ⇒
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