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US Democratic Party considers supporting Powell’s reappointment

Democratic Party USA Federal Reserve ( Fed) Leader Jerome Powell’s again makes it expensive to reinforce his appointment.

According to the report of the Financial Times, California Democrat Senator Brad Sherman stated that the economic crisis was managed much more appropriately in 2020.

According to the news, the Democratic Party at least still keeps the door open for Powell to be appointed for a new period. Discussions on the appointment of the Fed’s new leader are expected to intensify in the coming weeks. US Treasury Secretary Yellen said on Friday she was happy with Powell’s performance.

Fed Leader Powell’s first-period mandate will expire in February.

-Foreks News Center-

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