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Federal Reserve Chairman Jerome Powell speaks after President Joe Biden announced Powell's nomination 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, Monday, Nov. 22, 2021. Biden also nominated Lael Brainard as vice chair, the No. 2 slot at the Federal Reserve. (AP Photo/Susan Walsh) **FILE**
Photo by: Susan Walsh
Federal Reserve Chairman Jerome Powell speaks after President Joe Biden announced Powell's nomination 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, Monday, Nov. 22, 2021. Biden also nominated Lael Brainard as vice chair, the No. 2 slot at the Federal Reserve. (AP Photo/Susan Walsh) **FILE**

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