Yeah, but at that point, the Fed had already begun tackling inflation which I believe Biden was on board with, and didn’t want to change horses in the middle of the race. Brainard who was the frontrunner at the time was more dovish, and likely would have made inflation worse. I do think it’s no coincidence that the Fed took no action on inflation until Biden was in office. Likely hoping get people pissed off by the next election cycle to get the orange guy back. It’s a god damn mess.
Biden had the opportunity to replace the Fed chair and failed to do so:
https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/22/president-biden-nominates-jerome-powell-to-serve-as-chair-of-the-federal-reserve-dr-lael-brainard-to-serve-as-vice-chair
Yeah, but at that point, the Fed had already begun tackling inflation which I believe Biden was on board with, and didn’t want to change horses in the middle of the race. Brainard who was the frontrunner at the time was more dovish, and likely would have made inflation worse. I do think it’s no coincidence that the Fed took no action on inflation until Biden was in office. Likely hoping get people pissed off by the next election cycle to get the orange guy back. It’s a god damn mess.