White House Calls Republican Move to Block Vote on Fed Nominees 'Totally Irresponsible'

The Wealth Advisor Contributor
February 15, 2022

(Reuters) - The White House on Tuesday said moves by Senate Republicans to block a vote on a slate of President Joe Biden's nominees for top jobs at the Federal Reserve would be "totally irresponsible" given challenges facing the U.S. economy.

"Some Senate Republicans are playing politics with the American economy by blocking a vote on the Chairman of the Federal Reserve and an entire slate of well-qualified nominees," White House spokesperson Jen Psaki said.

"Such an extreme step would be totally irresponsible at a time when it’s never been more important to have confirmed leadership at the Fed to help continue our recovery and maintain price stability."

By Andrea Shalal
February 15, 2022

Popular

More Articles

ETF Innovators

DIVP ETF: Enhancing Income with Cullen’s Proven Strategic Approach

Cullen Capital Management introduces its DIVP ETF, combining disciplined value investing with enhanced income strategies. Designed for financial advisors and investors seeking steady income, DIVP utilizes covered call options to target a 7% total yield—an attractive alternative to traditional bonds. The strategy focuses on dividend growth, undervalued opportunities, and active management. By blending equity exposure with dividend growth, DIVP offers a compelling solution for those seeking both income and long-term growth in today’s market.

Popular