Jerome Powell Accepts Renomination as Chairman of the Federal Reserve Board

Federal Reserve Chair Jerome Powell (R) speaks as President Joe Biden (L) listens during an announcement at the White House in Washington, on Nov. 22, 2021. Alex Wong/Getty Images

On November 22, Chairman Jerome Powell, in a press release, accepted his renomination for a second term by President Joe Biden to head the Federal Reserve Board.

Lael Brainard, the Federal Reserve Board governor, also accepted her nomination the same day to be Vice Chair of the Fed in a separate press statement. It was expected by many that Biden would renominate Powell.