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Biden names historic Fed picks as inflation fight wears on

Por: Politico Business May 12, 2023

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President Joe Biden said Friday he will promote Federal Reserve board member Philip Jefferson to the central bank’s No. 2 position and nominate World Bank official Adriana Kugler to an open seat, as the Fed weighs its next moves in the fight against inflation. The appointments come amid rising pressure on Fed Chair Jerome Powell, who raised interest rates by another quarter of a percentage point last week in a move that will further slow... + full article



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