President Biden is scheduled to speak about the economy on Tuesday, with his selection of the next Federal Reserve chair expected early this week.
The White House announced Sunday that the president would “deliver remarks on the economy and lowering prices for the American people” on Tuesday.
Later in the day, he will travel with First Lady Jill Biden to Nantucket, Mass. for Thanksgiving.
The White House did not provide further details about the president’s speech, but White House Press Secretary Jennifer Psaki said Friday that Biden was expected to make a decision “in advance of his departure” for the holiday, adding there would be “more to report early next week.”
Biden has indicated that he will either reappoint the current Fed chair, Jerome Powell, or select Lael Brainard, who is on the Fed’s board of governors and is seen as being more liberal on climate change and bank regulation, according to Bloomberg.
