Dodd, Frank urge Biden to reappoint Powell
| The architects of the Dodd-Frank Wall Street reform law on Monday urged President Biden to reappoint Federal Reserve Chair Jerome Powell despite opposition from progressives over his support for loosening key provisions of that legislation.
In a Monday op-ed for The Hill, former Democratic Sen. Chris Dodd (Conn.) and Rep. Barney Frank (Mass.) argued that Powell’s reappointment would give Biden “strong support” to pass a multi-trillion infrastructure and social services plan — what they called the “most important issue facing us today.” “We believe the national interest will be best served by President Biden reappointing Jerome Powell to chair the Federal Reserve System,” Dodd and Frank wrote. |
