Biden Backs Fed Chair Powell: How the Ruling Class Rules

On today's episode Walter Smolarek and Prof. Richard Wolff discuss the Biden administration's announcement that Federal Reserve chairman Jerome Powell would be renominated for a second term. Powell, a former finance capitalist who has headed the Fed since 2018, was the Wall Street favorite for the job. What role has Powell played in the management of U.S. capitalism?

Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can check out his work at rdwolff.com.

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