Money Biden nominates Powell for second term as Fed chief, opting for continuity, and names Brainard vice chair November 22, 2021November 22, 2021 Paul Davidson, USA TODAY Comments Off on Biden nominates Powell for second term as Fed chief, opting for continuity, and names Brainard vice chair President Biden nominated Powell for second term as Fed chief, opting for continuity with inflation soaring and growth slowing.