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November 27, 2021

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Waukesha Parade Grief, Fed Chair Rerun?, Austria’s New COVID Lockdown : Up First

NPR
NPR Waukesha, Wisconsin mourns five who died when an SUV struck the city’s Christmas parade. Lawmakers react to President Biden tapping Federal Reserve Chairman Jerome Powell for a second term. And Austria becomes the first European country to impose a new national lockdown to fight surging COVID infections. NPR –......

Biden Sticks With Powell as Fed Chair, Resisting Political Pressure

New York Times
That included Senator Elizabeth Warren, who had called Mr. Powell “a dangerous man,” and suggested she would not support his renomination during a testy hearing in late September. Mr. Biden met with Ms. Warren on Nov. 9 in the Oval Office to discuss Fed appointments and called her last Thursday,......

Here’s what you need to know about Lael Brainard, Biden’s pick for vice chair at the Fed

CNBC
CNBC – For more and to sign up click here U.S. Federal Reserve board member Lael Brainard speaks after she was nominated by U.S. President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in......

Jerome Powell nominated to stay as US Federal Reserve chair

BBC
https://www.bbc.co.uk/news/business-59340779?at_medium=RSS&at_campaign=KARANGA The president may consider Powell the safe choice, with some Republicans already offering their support. But if Senate Democrats fracture over the nomination, it may make it more difficult for them to stick together to pass Biden’s Build Back Better social spending legislation – a development could have grave......

No stranger to turmoil, Dutch dealmaker Wynaendts set for Deutsche chair

Reuters
The headquarters of Germany’s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo Register now for FREE unlimited access to reuters.com Register Alexander Wynaendts oversaw bailout and deals as Aegon CEO Takes helm at crucial time for Germany’s largest lender FRANKFURT, Nov 20 (Reuters) – As......

RNC chair contradicts Trump: ‘Biden won the election’

USA TODAY – For more and to sign up click here Julia Manchester Republican National Committee (RNC) Chairwoman Ronna McDaniel on Thursday acknowledged President Biden’s electoral victory over former President Trump, marking the first time she has explicitly said Biden won the contest… Source link To Return to the Main......

Biden says he will make final decision about Federal Reserve chair in about 4 days

Reuters
U.S. President Joe Biden delivers remarks on infrastructure construction projects from the NH 175 bridge across the Pemigewasset River in Woodstock, New Hampshire, U.S., November 16, 2021. REUTERS/Jonathan Ernst WOODSTOCK, N.H., Nov 16 (Reuters) – U.S. President Joe Biden said on Tuesday he will make a final decision in about......

Fed’s inflation debate heats up as Biden nears Fed chair pick

Reuters
Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. REUTERS/Ann Saphir Nov 16 (Reuters) – A public debate among Federal Reserve policymakers over how to respond to high inflation intensified......

Newly elected Freedom Caucus chair tests positive for COVID-19

USA TODAY – For more and to sign up click here Cristina Marcos The newly elected leader of the far-right House Freedom Caucus, Rep. Scott PerryScott Gordon PerryHouse Freedom Caucus elects Rep. Scott Perry as new chairman Meadows comes under growing Jan. 6 panel spotlight The Hill’s Morning Report —......

Fed Vice Chair Clarida says another year of inflation like this one would not be ‘a policy success’

CNBC
CNBC – For more and to sign up click here Richard Clarida, vice chairman of the U.S. Federal Reserve nominee for U.S. President Donald Trump, speaks during a Senate Banking Committee confirmation hearing in 2018.  Bloomberg | Bloomberg | Getty Images Federal Reserve Vice Chairman Richard Clarida conceded Monday that......

Rogers Communications reinstates ousted chair after court backs his bid to shakeup board

Reuters
VANCOUVER, Nov 5 (Reuters) – Rogers Communications Inc (RCIb.TO) on Friday reinstated ousted Chairman Edward Rogers after a court backed his petition to constitute a new board, drawing curtains on a rare public battle for the control of a Canadian company even as the family feud showed no signs of......

Biden says he will announce Fed chair pick ‘fairly quickly’ with Powell term up in February

CNBC
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters WASHINGTON – President......

Yellen tells Biden that Fed Chair Powell has done a ‘good job’ as renomination looms

CNBC
CNBC – For more and to sign up click here Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman and praised the current holder of the position. Though she did not disclose any specific plans Biden has,......

Kelsey temporarily relinquishes committee chair as Tennessee’s COVID special session begins

USA TODAY – For more and to sign up click here Jon Styf, The Center Square The Tennessee Legislature began its COVID-19-related special session Wednesday, but the largest action was Sen. Brian Kelsey temporarily stepping down from chairing the Senate Education Committee as he faces campaign finance charges related to......

Jan. 6 panel seeking information from Facebook and following the money, chair says

Politico
Politico.com – For more and to sign up click here Thompson said the committee is “negotiating” with Facebook to get specific information and isn’t yet ready to determine the social media giant’s role in terms of spreading information ahead of the attack. “It’s clear that the Jan. 6 organization per......

Marc Lasry resigns as chair of Ozy Media after 3 weeks following reports of alleged misconduct at firm

CNBC
CNBC – For more and to sign up click here Marc Lasry, Chairman, CEO and Co-Founder of Avenue Capital Group, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, September 15, 2021. Brendan McDermid | Reuters Billionaire investor Marc Lasry announced Thursday he will step......

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