Democratic Sen. Jeff Merkley

Two Democratic senators have come out against chair Powell's renomination on the back of his views on climate change.

Sen. Jeff Merkley and Sheldon Whitehouse are against the current Fed chair. Virginia Sen. man
Mancin spoke positively of Powell yesterday, but said today that he wants another meeting with Brainard.

Powell is a republican. Brainard is a Democrat. They both are similar in that they want to keep policy steady for the time being.

Some think a new Fed chair might lead to some tests from the market to see the reaction. Putting it another way, you know what you are getting with Powell.