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Biden to nominate Jerome Powell as Federal Reserve chairman
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| President Joe Biden will nominate Jerome Powell as chairman of the Federal Reserve for a second term, and Lael Brainard as vice chair, according to a source familiar. Read more » |
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Jerome Powell's first term was among the most controversial of any Fed chairman
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| Jerome Powell's tenure leading the Federal Reserve has been among the most tumultuous in the central bank's history. And Powell's second term won't necessarily be much easier. Read more » |
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Stocks rise as President Biden set to give Powell a second term at the Fed
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| Wall Street opened in the green on Monday amid the news that President Joe Biden intends to nominate Jerome Powell for a second term at the helm of the Federal Reserve. Read more » |
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Joe Biden channels his inner Obama by picking Jerome Powell for the Fed
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| By choosing to stick with Jerome Powell, who Donald Trump selected to be Federal Reserve chairman in 2017, President Biden proved that he learned a valuable lesson from his former boss about continuity over partisan politics during challenging economic times. Read more » |
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Rivian shares plunge after saying it won't work with Ford on EVs
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| Shares of upstart electric truck maker Rivian plunged as much as 17% in morning trading Monday after confirming reports that it is no longer working with Ford to jointly develop vehicles. Read more » |
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U.N. warns of 'colossal' collapse of Afghan banking system
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| The United Nations on Monday pushed for urgent action to prop up Afghanistan's banks, warning that a spike in people who are unable to repay loans as well as lower deposits and a cash liquidity crunch could cause the financial system to collapse within months. Read more » |
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