Jerome Powell has been nominated for a second term as chair of the US Federal Reserve by President Joe Biden, with Lael Brainard nominated as vice chair. Photo: Bloomberg
Jerome Powell has been nominated for a second term as chair of the US Federal Reserve by President Joe Biden, with Lael Brainard nominated as vice chair. Photo: Bloomberg

China warned to brace for US stimulus tapering, rate increases with Jerome Powell to remain as Fed chair

  • Jerome Powell was nominated by US President Joe Biden on Monday in Washington to serve for a further four years as chair of the US Federal Reserve
  • Further policy divergence between the world’s two largest economies is seen as being of particular concern as Beijing is moving towards loosening its support

Topic |   US-China relations
Jerome Powell has been nominated for a second term as chair of the US Federal Reserve by President Joe Biden, with Lael Brainard nominated as vice chair. Photo: Bloomberg
Jerome Powell has been nominated for a second term as chair of the US Federal Reserve by President Joe Biden, with Lael Brainard nominated as vice chair. Photo: Bloomberg
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