Lael Brainard, the No. 2 official
One answer is that it would make her the odds-on favorite to be the next Fed chair, if Biden is re-elected. But that was already the case. There would be a more immediate impact on the Fed if she departs for 1600 Pennsylvania Avenue.Brainard plays a thoughtful and active role in the monetary policy debates we spend a lot of time discussing here. But presumably, a new Biden appointee to the vice chair job would share her mainstream to somewhat dovish policy views.
Maybe she can help AuditTheFed 🤔
I thought Biden only hired people with zero experience.
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