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Jerome Powell or Lael Brainard? An Explainer on the Federal Reserve System and Who the Next Fed Chair Might Be

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One Chair to rule them all...


US President Joe Biden has nominated Jerome Powell for another term as Fed Chairman. He is widely expected to be confimed by the Senate.


As the head of the central banking system of the world’s largest economy, the Fed Chair wields considerable power. He or she is often regarded as "the person who wields the greatest immediate power over the global economy" and their position as “the most important job in global economics”.


To comprehend the significance of the Fed Chair’s role in the global economy, it's important to understand America’s central banking system.


Here's an explainer: https://transfin.in/jerome-powell-or-lael-brainard-an-explainer-on-the-federal-reserve-system-and-who-the-next-fed-chair-might-be

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