Treasury Secretary Janet Yellen will reportedly back Jerome Powell for another term as Fed Chair

U.S. Federal Reserve Chair Janet Yellen (L) congratulates Fed Governor Jerome Powell at his swearing-in ceremony for a new term on the Fed's board, in Washington in this handout photo taken and released June 16, 2014. REUTERS/U.S. Federal Reserve/Handout via Reuters

Summary List Placement

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 ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com