Second term for Powell, Brainard to be Fed vice chair
Housing Wire
NOVEMBER 22, 2021
President Joe Biden nominated Jerome Powell for a second term as Federal Reserve chair, and elevated Lael Brainard to vice chair, the No. 2 position at the central bank. Powell’s response to the COVID-19 pandemic, in the form of aggressive monthly asset purchases beginning in March 2020, set off an extraordinarily profitable year for the mortgage industry.
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