Biden faces new pressure from climate groups after Powell pickPresident Biden is under fresh pressure from climate activists after rejecting their push to replace Federal Reserve Chair Jerome Powell. Biden says Fed should 'recalibrate' support for U.S. economyU.S. President Joe Biden on Wednesday said it was appropriate for the Federal Reserve to recalibrate the support it provides to the U.S. economy, in light of rising prices and the pace of recovery. Biden likely to announce Raskin as Fed's vice chair pick this week - AxiosU.S. President Joe Biden could pick former Federal Reserve Governor Sarah Bloom Raskin as his choice for vice chair of supervision at the central bank, Axios reported on Monday, saying an announcement is expected as soon as this week. Powell hedges again on inflation after retiring ‘transitory’ tagPowell said though most economists see US inflation easing by mid-2022, ‘We can’t act as if we’re sure of that.’ Fed's Daly sees taper bar met by year end, no rate hike in 2022San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she feels the U.S. central bank will be able to begin reducing the pace of its monthly asset purchases by year end, but believes an interest rate hike is still a "long way" away. Jerome Powell picked to stay as US Federal Reserve chairPresident Biden opts for continuity by nominating Jerome Powell to remain the head of the US central bank. Explainer: What to watch as Fed ramps up exploration of a digital dollarFederal Reserve officials recently have amped up the tone and tempo around their exploration of a digital version of the U.S. dollar, a high-stakes undertaking for the central bank backing the world's reserve currency.