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 Powell's rollercoaster ride at the Fed: From 'enemy' to economic savior

U.S. Federal Reserve Chair Jerome Powell, 68, renominated by President Joe Biden for a second four-year term as leader of the world's most powerful central bank, has been on a rollercoaster ride since he joined the institution almost a decade ago. Here are some of the highlights of his time at the Fed:

2012 -- APPOINTED AS PART OF AN OBAMA DEAL

2013 -- ADVOCATE FOR WITHDRAWING STIMULUS

2017 -- POWELL BECOMES FED CHAIR

2018 -- TRUMP INSULTS BEGIN... AND NEVER END

2020 -- FED TO THE RESCUE AS COVID-19 PANDEMIC HITS

2020 -- FED CHANGES FRAMEWORK TO PRIORITIZE JOBS

2021 - ETHICS SCANDAL ROCKS THE CENTRAL BANK

Here’s what you need to know about Lael Brainard, Biden’s pick for vice chair at the Fed

President Joe Biden’s decision to nominate Lael Brainard as Fed vice chair is thought to be in part the work of progressives, who say she’ll emphasize climate change and equitability.

In tapping Brainard, Biden nominates the 59-year-old to help manage the U.S. economy through a jump in inflation and a steady but uneven recovery.

Brainard has also pressed the case for a digital dollar and is seen as a leading voice on financial innovation such as crypto at the Fed.

Reference: Reuters, CNBC