Powell Promises to Use Fed’s Powers to Prevent Higher Inflation from Becoming Entrenched

Powell Promises to Use Fed’s Powers to Prevent Higher Inflation from Becoming Entrenched
Federal Reserve Chair Jerome Powell (R) speaks as President Joe Biden (L) listens during an announcement at the White House in Washington, on Nov. 22, 2021. Alex Wong/Getty Images
Tom Ozimek
Updated:

Federal Reserve Chair Jerome Powell, newly appointed for a second four-year term as chief of the central bank, said on Nov. 22 that he would use the Fed’s arsenal to prevent inflation from becoming a more permanent feature of American life.

Powell made the remarks at a White House press briefing at which President Joe Biden announced his reappointment while also nominating Lael Brainard, member of the Fed’s governing board, to serve as Federal Reserve vice chair.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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