Biden is approaching the playoffs on the Fed’s leadership decision

President Biden is facing one of the most important economic policy decisions of his presidency, which is expected this week, when he will decide who will head the Federal Reserve when Chairman Jerome Powell’s term expires in February.

Mr. Biden has signaled that he is looking for continuity in Fed policy because he is considering whether to appoint Mr. Powell for a new four-year term or raise Governor Lael Brainard, who has strongly supported the central bank’s interest rate policy for the past four years. year.