Progressives Call on Biden to Dump Fed Chair

Politico: “The statement opposing Jerome Powell by the high-profile progressive Democrats is part of a mounting effort on the left to urge Biden to reshape the Fed, though the prospect of Powell’s reappointment has split opinion among liberal advocates and lawmakers.”

“They acknowledged that the Fed under Powell ‘has made positive changes’ by steering the central bank toward a greater emphasis on reaching full employment. But they said they want to see someone at the helm who is more aggressive on financial regulation and climate change.”