Interviews are underway to replace him, according to the sources who declined to discuss an ongoing personnel process.
But reducing high inflation became the administration’s top economic priority last year as rising costs began to anger voters. Administration officials think the Fed can help engineer a “soft landing,” where inflation and economic growth slow to more sustainable levels without throwing many Americans out of work.
Even before assuming that role, Brainard was a frequent dissenting vote against steps taken during former President Donald Trump’s administration and under Powell to loosen banking regulations, and called for the Fed to require financial firms to set aside more capital.
Is this Pelosi 2.0? Just look at that jaw clench. 😬😬😬
Slütt
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