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President Joe Biden speaks as he announces that he is nominating Jerome Powell for a second four-year term as Federal Reserve chair, during an event in the South Court Auditorium on the White House complex in Washington, Nov. 22, 2021. Environmental groups are incensed that President Biden went back on his campaign promise to not allow oil and gas companies to drill on more public lands. He even auctioned off the rights to explore for fuel on more than 80 million acres in the Gulf of Mexico in November. (AP Photo/Susan Walsh, File)

President Joe Biden speaks as he announces that he is nominating Jerome Powell for a second four-year term as Federal Reserve chair, during an event in the South Court Auditorium on the White House complex in Washington, Nov. 22, 2021. Environmental groups are incensed that President Biden went back on his campaign promise to not allow oil and gas companies to drill on more public lands. He even auctioned off the rights to explore for fuel on more than 80 million acres in the Gulf of Mexico in November. (AP Photo/Susan Walsh, File)

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