The Morning Dispatch: Biden Renominates Fed Chair Jerome Powell

Happy Tuesday! Quick programming note: There will be a TMD tomorrow, but—barring any drastic and unforeseen news events—it’ll be the last one of the week.

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Quick Hits: Today’s Top Stories

  • President Biden announced Monday he plans to nominate Federal Reserve Chair Jerome Powell for a second term leading the central bank and elevate Lael Brainard—currently a member of the Fed’s Board of Governors—to serve as its vice chair.

  • Law enforcement officials on Monday identified 39-year-old Darrell Brooks as the man suspected of being the driver who killed five and injured more than 40 in Waukesha, Wisconsin, on Sunday. Brooks faces five counts of first-degree intentional homicide, and the Milwaukee Journal Sentinel reported Monday that he had been charged with recklessly endangering the safety of others three times in the past two years—including a domestic abuse case on November 5. The Milwaukee County District Attorney’s Office admitted Monday that Brooks’ $1,000 bail in the most recent instance was “inappropriately low.”

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