WASHINGTON—The Democratic architects of a key overhaul of U.S. financial regulation a decade ago called on President Joe Biden to reappoint Fed Chair Jerome Powell to a second term, rebuffing arguments he has been weak on regulatory issues.
Former Sen. Christopher Dodd and former Rep. Barney Frank wrote in an opinion article in The Hill newspaper that changes to their signature Dodd-Frank law under Powell “were not major attacks, and nothing in Powell’s performance contradicts his assertion that he supports the basic framework we put in place.”
