WASHINGTON (Reuters] – U.S. President Joe Biden appointed Jerome Powell as the Federal Reserve’s Chair for a second time, with Lael Mindard serving as Vice Chair.

Biden praised Powell’s https://www.reuters.com/markets/us/powell-tapped-second-term-fed-chair-2021-11-22 “decisive action” that he said aided the U.S. economic recovery after coronavirus-related shutdowns. These are remarks from U.S. officials, lawmakers, and business groups.

U.S. TREASURY SECRETARY JANET YELLEN

“Over the years, Chairman Powell provided strong leadership at Federal Reserve to efficiently meet unexpected economic and financial problems. I’m pleased that the economy will continue to reap the benefits of his leadership.”

“Lael is a respected economist with years of experience and has been instrumental in the nation’s recovery.”

CHAIRMAN, SENATE-BANKING COMMITTEE CHAIRMAN SHEARMAN BROWN

Powell, Fed Chair has helped our economy overcome a devastating pandemic. Under his & @POTUS’s leadership, unemployment has fallen and workers are gaining power. They’ll continue to steer our recovery in the right direction – toward an economy that empowers workers and their families.”

Dr. Lael Brainard spent most of her adult life fighting for an economic system where all workers are part of the wealth they produce. As Vice Chair, the Fed’s Federal Reserve, she will stand up for Wall Street and help empower small- and medium-sized businesses and workers.

SENATOR PAT TOOMEY TOP SENATE BANCKING REPUBLICAN

“While I have strongly disagreed with Chairman Powell’s decision to continue the Fed’s emergency accommodative monetary policy — long after the economic emergency had passed — Chairman Powell’s recent comments give me confidence that he recognizes the risks of higher and more persistent inflation and is willing to act accordingly to control it. “I look forward to his confirmation.”

“While I have concerns about regulatory policies that Governor Brainard would support as Vice Chair, I look forward to meeting with her to discuss these and other matters.”

REPUBLICAN FROM THE UTAH, SENATOR MITT ROMNEY

“I vote to confirm Jay Powell @federalreserve Chair. I believe he’s a person of capability and integrity. While I disagree with some of the Fed’s prior policies, his recent comments give me hope that the Fed is ready to address the rising inflation we’re experiencing.”

NANCY PELOSI, HOUSE SPEEAKER

“Chairman Powell has brought steady leadership and sound judgment to the Federal Reserve’s mission of promoting maximum employment, stable prices and a sound financial system, especially during a time of unprecedented crisis. His proven track record and goal of achieving ‘broad-based and inclusive’ employment while lowering families’ costs will continue serve the country well.” “As Vice Chair, Governor Lael Brainard will bring exceptional credentials, extensive expertise on both domestic and international economic policy, outstanding work to protect financial system stability and deep understanding of the economic challenges that families face, to her new position.”

U.S. CHAMBER of Commerce PRESIDENT and CEO SUZANNE Clark

“Respected at home and abroad, Chairman Powell will continue to help the U.S. and our economic partners successfully navigate the lingering challenges from the pandemic. U.S. Chamber calls on the Senate to quickly confirm Powell as the Chairman of Federal Reserve. 

REPUBLICAN SENSATE CANDIDATE IN OHIIO, JOSH MANDEL

Jerome Powell, an inflation-junkie, is given another term as Fed President. It’s like Hue Jackson getting another chance after 0-16.