Second Term For Powell, Brainard to Be Fed Vice Chair

HousingWire, Nov. 22, 2021–Georgia Kromrei
President Joe Biden nominated Jerome Powell for a second term as Federal Reserve chair, and elevated Lael Brainard to vice chair, the No. 2 position at the central bank. Bob Broeksmit, the president of the Mortgage Bankers Association, said the trade group and its members have met with Powell and find him “engaging, thoughtful, and measured in his approach to the mortgage markets.”