Biden to nominate Jerome Powell for second term as Fed chair (2)

Photo taken on Nov. 22, 2021 shows the U.S. Federal Reserve in Washington, D.C., the United States. U.S. President Joe Biden on Monday announced that he intends to nominate Jerome Powell for a second term as Federal Reserve chairman and to nominate Lael Brainard as vice chair. (Photo by Ting Shen/Xinhua)