Lael Brainard interviewed for the Federal Reserve chair role when she visited the White House last week, Bloomberg News reported, citing people familiar with...
Lael Brainard interviewed for the Federal Reserve chair role when she visited the White House last week, Bloomberg News reported, citing people familiar with the matter.
Brainard’s known for a dovish view toward interest rates, though in practice her views on the economy have much in common with Powell. Where she differs is a tougher stance on bank regulation, for example voting to impose a countercyclical buffer on banks, which would require them to hold more capital.
“Brainard is nominally considered the most dovish of the likely nominees, although Powell has proven quite dovish himself since a pivot in early 2019,” added Steen Jakobsen, chief investment officer at Saxo Bank.
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