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Two Democratic senators oppose Powell as Fed chair

KTVZ

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON (AP) — Two Senate Democrats said Friday they oppose the reappointment of Jerome Powell as chair of the Federal Reserve, as President Joe Biden is expected to announce within days who he will pick for the nation’s most powerful economic position. Sens. Sheldon Whitehouse from Rhode Island and Jeff Merkley from Oregon said that Powell has been insufficiently committed to combatting climate change, an issue that central banks around the world are increasingly confronting.

Article Topic Follows: AP National News

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