Biden says he has not spoken with Fed Chair Powell

U.S. President Joe Biden said on Tuesday he has not spoken to Federal Reserve Chair Jerome Powell, noting the central bank is an independent agency. “I think the Federal Reserve is an independent operation and starting off my presidency I want to be real clear that I’m not going to do the kinds of things that have been done in the last administration,” Biden told reporters. Biden still has significant room to make his mark on the Fed. Powell’s term is up next February, when Biden can choose to extend his appointment, and there is an empty seat on the Fed’s Board of Governors. Biden already withdrew former … (full story)

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