• Letter seeks greater action on climate crisis and racial justice
• Trump appointee’s term at Federal Reserve expires in February
The New York representative Alexandria Ocasio-Cortez and other members of the Democratic party’s progressive caucus have urged Joe Biden to replace Jerome Powell as chairman of the Federal Reserve as part of a top-to-bottom makeover of the US central bank.
“As news of the possible reappointment of Federal Reserve Chair Jerome Powell circulates, we urge President Biden to re-imagine a Federal Reserve focused on eliminating climate risk and advancing racial and economic justice,” they said in a statement issued on Tuesday.
