Biden: Appropriate for Fed to 'Recalibrate' Policy

The video discusses the rapid increase in prices globally and the Federal Reserve's role in ensuring these prices do not become entrenched. It highlights the Federal Reserve's dual mandate of full employment and stable prices, and its extraordinary support during the crisis. The need to recalibrate this support is emphasized, as indicated by Chairman Powell. The video also mentions the nomination of five individuals to the Federal Board of Governors, urging the Senate for their confirmation.

What qualifications do the nominated individuals for the Federal Board of Governors have?

What is the call to action made regarding the confirmation of the nominated individuals?