Who is Lael Brainard, progressive Democrats’ choice to lead the Fed?

, will reach the end of his first term on February 5th. Most analysts and investors expect that President Joe Biden will re-appoint him for another four years, a recognition of the Fed’s forceful monetary interventions at the height of the pandemic. But this is far from guaranteed. The most talked-about alternative candidate is Lael Brainard, a Fed governor.

Last October, for example, she criticised an easing of liquidity requirements for banks, warning that cash buffers are needed to prevent banking mishaps from posing a “serious contagion risk” to the wider economy. She has also dissented from rule changes allowing banks to engage in more proprietary trading and to hold less capital.

Her record has also earned her support from the progressive wing of the Democratic Party. Elizabeth Warren, an influential senator, has commended Ms Brainard for her “strong and powerful dissents”, while calling Mr Powell a “dangerous man” because of his penchant for cutting regulations. Given the clout that progressives have had in shaping Mr Biden’s personnel decisions, their backing for Ms Brainard would seem to boost her chances at the Fed.

Yet as those odds suggest, Ms Brainard remains a long shot. Many of the left-wing Democrats who like her today were opposed to her one year ago when she was in the picture as a, a job that eventually went to Janet Yellen . Some pointed to Ms Brainard’s time in the Obama administration, when she helped to craft trade deals seen as unhelpful to workers. Others castigated her for failing to do enough on environmental concerns while at the Fed.

In any case, were Ms Brainard to replace Mr Powell, it is not obvious that the most consequential part of the Fed’s work—its management of monetary policy—would change much. Mr Powell has been very doveish and is only now guiding the central bank towards gradual tightening, thoughis running at its fastest pace in more than a decade.

Its rare anybody ever is, everyone has had a dark side at some point in their lives; just some more than others and others are better at hiding it.

Pretty 👍🚀

Os progressistas........................

Pretty hair

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott03 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Carson smell persists as fed-up residents confront elected officialsResidents demanded answers at a Carson City Council meeting at which council members declared a local emergency over a lingering noxious odor. It's not election year yet. Too early for the Dems to pretend to care anything about black people in Carson or Compton for that matter.
Source: latimes - 🏆 11. / 82 Read more »

In Fashion: Supply Chain Shutdown, Start Up and ReinventionThe global network that feeds the economy is overwhelmed and evolving.
Source: wwd - 🏆 24. / 68 Read more »

Biden meets with Schumer and Manchin in Delaware for more talks on social spending packagePresident Biden is meeting with Senate Majority Leader Chuck Schumer and Senator Joe Manchin in Delaware on Sunday as Democrats look to broker an agreement on the president's social spending plan, a person familiar with the gathering confirmed.
Source: YahooNews - 🏆 380. / 59 Read more »

Opinion | Your guide to Democrats' last ditch effort to save the world.HayesBrown: Congress has spent months trying to cobble together a spending package that tackles the majority of President Biden’s Build Back Better agenda. Too often, focus on the package has been on the $3.5T price tag. Here's what's at play (1/6) HayesBrown How to shakedown and loot America HayesBrown Free Australia from this tyrannical government.
Source: MSNBC - 🏆 469. / 51 Read more »

Coach Legend Singers ‘Shine’ With Harry Styles, Ed Sheeran Covers on 'The Voice': WatchTeam Legend’s Joshua Vacanti and Sabrina Dias tackled two enormous pop hits, from two of the biggest pop stars on the planet. Visit my Facebook account Mark Anthony Gonzales Evangelista My profile picture is harry and meg Yo brown ! I have extra extras by kramtopps ® Check it now its fresh ! And lisa is hot lol 🤣 joke fresh and hot ! Youngboy would destroy this show
Source: billboard - 🏆 112. / 63 Read more »

Altering the filibuster 'is no longer just a progressive issue'Eli Zupnick: 'Moderates...understand that there is nothing moderate about allowing a tiny minority of senators to block the will of the majority. There is nothing moderate about gridlock, disfunction and a politicized Senate rule that just isn't working.' There is only one question you should be asking- will McConnell get rid of the fillibuster when he regains the Senate in 2022 and a Republican is elected President in 2024? Yes, he will!
Source: MSNBC - 🏆 469. / 51 Read more »