News on November 20th, after Elizabeth Warren. Two progressive Democratic senators in the United States also stated that they opposed the nomination of Fed Chairman Powell for re-election.
Senator Jeff Merkley of Oregon and Senator Sheldon Whitehouse of Rhode Island. A statement issued on Friday morning stated that Powell is committed to addressing the growing climate risks. Unable to give firm promises.
However, given the strong support of the Republican Party for Powell. If Biden chooses Powell, the number of progressive Democrats will not be enough to shake his decision.
U.S. President Biden will serve on Powell and the Federal Reserve Board of Governors. Brainard chooses, the latter is more liberal on climate and other issues.