Political Calculus Confronts Biden on Powell vs. Brainard Fed Pick

Looming in the background of President Biden’s choice for Federal Reserve chair is a political question: How much of a fight would Chairman Jerome Powell or governor Lael Brainard face to garner 50 votes in the U.S. Senate.

Mr. Biden hinted Tuesday that he could reveal his choice around the end of the week, though a White House official suggested the decision could slip into early next week. Advisers are making sure they have enough support for either candidate, according to people familiar with the matter.