#reappointment

"Under Powell, a Republican, the Fed said it would not raise rates until the labor market showed clear signs of reaching full employment after previous regimes choked off recoveries by raising rates too quickly. Many liberal economists say Powell has played a foundational role in refocusing the bank on the needs of the vulnerable.

Yet other progressive activists say Powell needs to go when his term expires in February.Yet other progressive activists say Powell needs to go when his term expires in February.Yet other progressive activists say Powell needs to go when his term expires in February.Yet other progressive activists say Powell needs to go when his term expires in February.

They say that Powell undermined the economy — let alone his case for nomination — by rolling back key safeguards created by the Dodd-Frank Wall Street reform law...

Trump elevated Powell, who was first appointed to the Fed in 2012 by former President Obama, largely to preserve Yellen’s support for low interest rates while replacing her with a former banker inclined to loosen regulations."

READ MORE: https://www.politico.com/news/2021/09/28/warren-fed-powell-reappointment-514520

"Warren criticized Powell for weakening annual tests that examine whether big banks could withstand a severe recession. Under the changes she cited, the Fed no longer “fails” banks for having insufficient loss-absorbing capital but would instead use the exams to set their capital requirements going forward"

AND THERE IS THE QUESTION OF ETHICS & INVESTMENTS: https://www.cnbc.com/2021/09/17/fed-officials-owned-securities-it-was-buying-during-pandemic-raising-more-questions-about-conflicts.html

"Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look by CNBC at officials’ financial disclosures found three who last year held assets of the same type the Fed itself was buying, including Chairman Jerome Powell.

Eicher Board to meet over MD’s salary as shareholders reject re-appointment

The board of directors of Eicher Motors is expected to meet shortly to resolve the crisis following the decision of shareholders to reject the reappointment of Siddharth Lal as managing director. While no confirmation was available whether the board would review its earlier decision to increase Lal’s salary by 10 per cent, sources familiar with the developments said that looked a distinct…