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The Wall Street Publication > Blog > Business > Biden Fed Pick Marks Rare Split With Warren
Business

Biden Fed Pick Marks Rare Split With Warren

Editorial Board Published November 23, 2021
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Biden Fed Pick Marks Rare Split With Warren
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WASHINGTON—Sen. Elizabeth Warren’s opposition to President Biden’s renomination of Federal Reserve Chairman Jerome Powell marks her most public break with her one-time presidential rival, whose economic policy and personnel choices she has helped shape.

Ms. Warren said Monday that she would vote against Mr. Powell’s nomination for a second term as Fed chairman, a move that was widely expected after she assailed Mr. Powell in September as a dangerous man who would weaken banking rules. She announced her support for Fed governor Lael Brainard, who was nominated to serve as Fed vice chairwoman.

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