A Biden administration official said last week that the president was still weighing whether to keep Jerome Powell as Fed chairman for a second term.
The two potential candidates to lead the Fed, current Fed chairman Jerome Powell and Lael Brainard, appear to be leading the way, and all eyes are on Biden.
The election of the president, who must choose between the governors of the institution, must then be approved by the Senate.
With information from AFP and Reuters.
