Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Dogecoin Founder Elicits Twitter Plans From Elon Musk

    February 1, 2023

    South African digital lender Lulalend to launch banking product off the back of $35M Series B • TechCrunch

    February 1, 2023

    Vodafone ‘can do better’, admits chief

    February 1, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    EasyDailyCrypto – Today Crypto | Bitcoin | Global World News
    Button
    • Home
    • Features
      • Contact
    • Crypto
    • Politics

      Illegal Immigrants Refuse to Leave New York City Hotel, Don’t Want Services Taken Away

      February 1, 2023

      CNN Mocked After Suffering Worst Ratings in Nearly a Decade: ‘Well-Deserved and Good For the Country’

      February 1, 2023

      Abbott Names New Border Czar, Gives Update On Wall Construction In South Texas

      February 1, 2023

      Feds To Spend $25M To Entice Food Stamp Recipients To Eat More Fruits, Vegetables

      February 1, 2023

      Maxine Waters Goes After Manchin and Sinema – Suggests They Don’t Care About Police Reform

      February 1, 2023
    • Technology
      1. Crypto
      2. Politics
      3. Business
      4. Lifestyle
      5. View All

      Dogecoin Founder Elicits Twitter Plans From Elon Musk

      February 1, 2023

      UK Regulator Launches Inquiry into Charity With Ties to Sam Bankman-Fried

      February 1, 2023

      Celsius’ Independent Examiner Reveals Astonishing Facts About Internal Discrepancies

      February 1, 2023

      Ethereum Staking Withdrawal Testnet For Shanghai Launching

      February 1, 2023

      Illegal Immigrants Refuse to Leave New York City Hotel, Don’t Want Services Taken Away

      February 1, 2023

      CNN Mocked After Suffering Worst Ratings in Nearly a Decade: ‘Well-Deserved and Good For the Country’

      February 1, 2023

      Abbott Names New Border Czar, Gives Update On Wall Construction In South Texas

      February 1, 2023

      Feds To Spend $25M To Entice Food Stamp Recipients To Eat More Fruits, Vegetables

      February 1, 2023

      Vodafone ‘can do better’, admits chief

      February 1, 2023

      Gautam Adani called on India’s top tycoons to shore up $2.4bn stock sale

      February 1, 2023

      Etc Venues bought by US rival to tap into remote working shift

      February 1, 2023

      Can the EU keep up with the US on green subsidies?

      February 1, 2023

      The Closet Essentials Refresh

      January 31, 2023

      Recommitting to Anti-Racism

      January 31, 2023

      Merriweather Lakehouse Is The Perfect Winter Getaway

      January 31, 2023

      Serena Kerrigan’s Essentials for Effing Dating

      January 28, 2023

      South African digital lender Lulalend to launch banking product off the back of $35M Series B • TechCrunch

      February 1, 2023

      ValueBase, backed by Sam Altman’s Hydrazine, raises $1.6 million seed round • TechCrunch

      February 1, 2023

      Snapchat now has more than 2 million paid subscribers • TechCrunch

      February 1, 2023

      Rebel without a cause • TechCrunch

      February 1, 2023
    EasyDailyCrypto – Today Crypto | Bitcoin | Global World News
    Beranda » Lael Brainard emerges as contender to become top White House economist
    Business

    Lael Brainard emerges as contender to become top White House economist

    EASYDAILYCRYPTO NEWSBy EASYDAILYCRYPTO NEWSJanuary 25, 2023No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Lael Brainard, the second-in-command at the Federal Reserve, is a contender to become the next top economist at the White House, in what would be a major shake-up for the US central bank as it grapples with the worst inflation problem in decades.

    According to people familiar with the matter, the Biden administration is considering Brainard, who served as under-secretary for international affairs at the Treasury department during Barack Obama’s administration, to replace Brian Deese as the next head of the National Economic Council.

    Deese has held the position since 2021 and helped to steer the White House’s economic policy through successive shocks from Covid-19 and the inflation surge that followed. While Deese has been expected to leave the White House, there is no set date for his departure.

    There are other contenders besides Brainard in the mix for the job, and Biden has not made a final decision on the role, people familiar with the matter said. Also under consideration are Gene Sperling and Bharat Ramamurti, current White House economic officials, as well as Sylvia Mathews Burwell, the former White House budget director and president of American University.

    Brainard being considered for the role was first reported by the Washington Post.

    If chosen, her departure would leave vacant a top leadership position at the Fed as it contends with how much more to raise its policy rate after its most aggressive campaign since the early 1980s. Having lifted the federal funds rate more than 4 percentage points since March via a string of jumbo 0.75 percentage point rate rises, officials are preparing to revert to more usual quarter-point increments at their upcoming policy meeting next week.

    Brainard, a Democrat who has been at the Fed for almost a decade, has long been one of the most dovish voices on the Federal Open Market Committee, advocating for a prudent approach to tightening monetary policy and taking into consideration potential economic and financial risks associated with rapidly rising borrowing costs.

    She has also pushed for more stringent regulation of the nation’s biggest banks as well as for the central bank to more directly incorporate climate-related risks into its oversight responsibilities — positions that earned her plaudits from the progressive wing of the Democratic party.

    Ahead of her nomination to the vice-chair position in November 2021, Brainard was also considered a leading contender for the top job at the Fed and before that, Treasury secretary.

    If Brainard replaces Deese, the Biden administration will need to nominate another vice-chair, having already dramatically reshaped the top ranks of the central bank. In addition to renominating Jay Powell as chair, the White House elevated economists Lisa Cook and Philip Jefferson as governors together with Michael Barr as vice-chair for supervision.

    Biden’s initial pick for the supervisory role, Sarah Bloom Raskin, was blocked by lawmakers who took issue with her calls for regulators to be more proactive about climate-related financial risks.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    EASYDAILYCRYPTO NEWS
    • Website

    Daily update exclusive News about the latest Crypto, Bitcoin, Ethereum, Blockchain, NFTs, Altcoin, Trendings News with the latest Global World News today

    Related Posts

    Vodafone ‘can do better’, admits chief

    February 1, 2023

    Gautam Adani called on India’s top tycoons to shore up $2.4bn stock sale

    February 1, 2023

    Etc Venues bought by US rival to tap into remote working shift

    February 1, 2023

    Leave A Reply Cancel Reply

    Advertisement
    Our Picks

    Daftar Server DNS Publik Terbaik Gratis​

    January 5, 2023

    Top 5 AI Cryptos Worth Investing In This Year

    January 31, 2023

    The Rise of the Single Woke (and Young, Democratic) Female

    January 20, 2023

    How To Start A Successful Software-as-a-Service (SaaS) Business: The Complete Guide [2023]

    January 15, 2023
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Crypto

    Dogecoin Founder Elicits Twitter Plans From Elon Musk

    By EASYDAILYCRYPTO NEWSFebruary 1, 202300 Views

    On Monday, Elon Musk surprised everyone with the news that Twitter had started applying for…

    South African digital lender Lulalend to launch banking product off the back of $35M Series B • TechCrunch

    February 1, 2023

    Vodafone ‘can do better’, admits chief

    February 1, 2023

    A guard told me, ‘We will shoot you’: Life in a Donetsk prison | Russia-Ukraine war News

    February 1, 2023

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    Update Breaking Crypto News about the latest Crypto daily, Ethereum, Blockchain, NFTs, Altcoin, Trends and Happenings including the latest World News. Exclusive crypto coin news in Easy Daily Crypto.

    Email Us: [email protected]
    Contact: +62-822-7359-8787

    Our Picks

    Dogecoin Founder Elicits Twitter Plans From Elon Musk

    February 1, 2023

    South African digital lender Lulalend to launch banking product off the back of $35M Series B • TechCrunch

    February 1, 2023

    Vodafone ‘can do better’, admits chief

    February 1, 2023
    Crypto

    Dogecoin Founder Elicits Twitter Plans From Elon Musk

    February 1, 2023

    UK Regulator Launches Inquiry into Charity With Ties to Sam Bankman-Fried

    February 1, 2023

    Celsius’ Independent Examiner Reveals Astonishing Facts About Internal Discrepancies

    February 1, 2023
    Facebook Twitter Instagram Pinterest
    • Politics
    • Business
    • Crypto
    • Technology
    © 2023 All Right Reserved. Designed by EasyDailyCrypto.com.

    Type above and press Enter to search. Press Esc to cancel.