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. Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram.  We rely on the generous support of our listeners to keep bringing you  consistent, high-quality shows. All Patreon donors of $5 a month or more  are invited to join the monthly Q&A seminar with Brian.