Biden Backs Fed Chair Powell: How the Ruling Class Rules

<p>On today's episode Walter Smolarek and Prof. Richard &nbsp;Wolff discuss the Biden administration's announcement that Federal &nbsp;Reserve chairman Jerome Powell would be renominated for a second term. &nbsp;Powell, a former finance capitalist who has headed the Fed since 2018, &nbsp;was the Wall Street favorite for the job. What role has Powell played in &nbsp;the management of U.S. capitalism?</p> <p>Professor Richard Wolff is an &nbsp;author &amp; co-founder of the organization Democracy at Work. You can &nbsp;check out his work at rdwolff.com.</p> <p>Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at <a href="https://gate.sc/?url=http%3A%2F%2Fpatreon.com%2Fthesocialistprogram&amp;token=9777c7-1-1637758588906" rel="nofollow ugc" target="_blank" title="http://patreon.com/thesocialistprogram">patreon.com/thesocialistprogram</a>. &nbsp;We rely on the generous support of our listeners to keep bringing you &nbsp;consistent, high-quality shows. All Patreon donors of $5 a month or more &nbsp;are invited to join the monthly Q&amp;A seminar with Brian.</p>