Breaking News: Biden names historic Fed picks as inflation fight wears on

Breaking News Alert

Biden names historic Fed picks as inflation fight wears on 05/12/2023 12:04 PM EDT President Joe Biden said Friday he will promote Federal Reserve board member Philip Jefferson to the central bank's No. 2 position and nominate World Bank official Adriana Kugler to an open seat, as the Fed weighs its next moves in the fight against inflation. Read the latest

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