{"id":120076,"date":"2021-04-07T04:11:51","date_gmt":"2021-04-07T04:11:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120076"},"modified":"2021-04-07T04:11:51","modified_gmt":"2021-04-07T04:11:51","slug":"biden-says-he-has-not-spoken-with-fed-chair-powell","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/biden-says-he-has-not-spoken-with-fed-chair-powell\/","title":{"rendered":"Biden says he has not spoken with Fed Chair Powell"},"content":{"rendered":"<h2>Fox Business Flash top headlines for April 6<\/h2>\n<p>Fox Business Flash top headlines are here. Check out what&#8217;s clicking on FoxBusiness.com.\n<\/p>\n<p>U.S. President Joe Biden said on Tuesday he has not spoken to Federal Reserve Chair Jerome&#xA0;Powell, noting the central bank is an independent agency.<\/p>\n<p><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/p>\n<p>&quot;I think the Federal Reserve is an independent operation and starting off my presidency I want to be real clear that I&apos;m not going to do the kinds of things that have been done in the last administration,&quot; Biden told reporters.<\/p>\n<p>Biden still has significant room to make his mark on the Fed.&#xA0;Powell&apos;s term is up next February, when Biden can choose to extend his appointment, and there is an empty seat on the Fed&apos;s Board of Governors.<\/p>\n<p>Biden already withdrew former President Donald Trump&apos;s nomination of Judy Shelton to fill that seat.<\/p>\n<p><strong>JANET YELLEN, FED&#x2019;S JEROME POWELL TESTIFY ON COVID-19 RELIEF, ECONOMY<\/strong><\/p>\n<p>The Fed was designed to keep a degree of independence in setting interest rates and other key policies from politicians.<\/p>\n<p>Trump clashed openly with&#xA0;Powell, whom he appointed, threatening to fire him multiple times for not keeping rates low enough. The Fed eventually lowered rates near zero percent, where it has kept them as the economy weathered the COVID-19 pandemic.<\/p>\n<p><strong>CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/p>\n<p>Biden has closely coordinated economic policy with Treasury Secretary Janet Yellen, herself a former Fed chair and colleague of&#xA0;Powell&apos;s. When asked about&#xA0;Powell, Biden mentioned that he speaks regularly with Yellen.<\/p>\n<p>(Reporting By Trevor Hunnicutt and Jarrett Renshaw; Editing by Leslie Adler)<\/p>\n<p>Source: <a href=\"https:\/\/www.foxbusiness.com\/politics\/biden-says-he-has-not-spoken-with-fed-chair-powell\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fox Business Flash top headlines for April<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23055],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Biden says he has not spoken with Fed Chair Powell - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/politics\/biden-says-he-has-not-spoken-with-fed-chair-powell\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden says he has not spoken with Fed Chair Powell - 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