President Joe Biden Nears Decision for the FED Chair’s Job

Markets are tumbling over intensified debate over how would the next Federal Reserves chair would tame the rising inflation.

President Joe Biden on Tuesday in a statement noted he would make the final call for the FED chair job in four days.

Mary Daly, San Francisco Federal Reserve Bank President on Tuesday said either leader who is chosen for the job will face challenges in crafting policy consensus. She further added central banks needs to be patient as price pressures will likely fade as pandemic recedes.