Chris Dodd, Barney Frank Back Fed Chairman Powell for Second Term

Chris Dodd, Barney Frank Back Fed Chairman Powell for Second Term

The two main sponsors of the 2010 financial-regulatory law said on Monday that President Biden should reappoint Fed Chairman Jerome Powell for a second term at the central bank.

Mr. Powell’s endorsement by former Sen. Chris Dodd (D., Conn.) and former Representative Barney Frank (D., Mass.) is notable as the Fed chairman has faced stiff resistance from some liberal Democrats who have disappointed Mr. Powell. Measures to ease financial rules under He urged Mr Biden to choose someone else to lead the Fed, citing the record that Mr Powell’s term ends in February.

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