House Capitol attack committee subpoenas six more Trump associates – as it happened
by Sam Levin (now) and Joan E Greve (earlier) from on (#5RN52)
- Michael Flynn and ex-campaign manager Bill Stepien among recipients
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At least one high-profile Democrat, Senator Elizabeth Warren of Massachusetts, has already indicated that she opposes the potential renomination of Federal Reserve chair Jay Powell.
Your record gives me grave concerns," the progressive lawmaker told Powell at a Senate hearing last month.
Also, Vice Chair Richard Clarida's term as a governor expires at the end of January, and there is an open seat on the board. Together, these appointments give Biden an opportunity to reshape the Fed Board.
Biden recently met with Chair Powell and Fed Governor Lael Brainard, according to people familiar with the matter. Brainard is the only sitting governor on the Board appointed by a Democrat who is seen as a contender for all three leadership positions.
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