Commentary The U.S. Senate will soon vote on Federal Reserve Chairman Jerome Powell’s nomination to a second term. One of the senators opposing Powell is Elizabeth Warren. I don’t often agree with Senator Warren, but I do agree with her assessment that Powell is “dangerous.” However, Warren actually doesn’t understand what makes Powell, or any…
A Cure Worse Than the Disease: The Fed’s Ugly Dilemma
January 25, 2022
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biden administrationBusiness & EconomyBusiness ColumnistsLael Brainardmonetary policyOpinionViewpoints
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Commentary Inflation is running at its highest levels in 40 years. “Somebody do something” comes the cry from the voting masses! A panic-stricken Biden administration wants to do what politicians have always done—throw more money at it. Joe Biden believes his nearly $2 trillion Build Back Better social spending bill would do the trick. You…
Fed is Focused on Fighting Inflation: Lael Brainard at Senate Confirmation Hearing
January 14, 2022
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Business & Economyeconomic policieseconomyFed chairFederal ReserveinflationLael Brainardsenate committee hearingUSUS News
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Federal Reserve governor Lael Brainard has confirmed to Congress that fighting inflation was the organization’s “most important task,” marking a pivot from last year when she didn’t want the central bank to cut down on stimulus plans. Brainard, 59, was the top contender for the position of Fed Chair, but President Biden renominated Jerome Powell,…
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