Fed's Brainard Favorite to Lead Economic Council

The transcript discusses the need for restrictive economic policies to achieve a 2% inflation rate. President Biden is considering appointing Leo Brainard, the Fed's vice chair, as the head of the National Economic Council (NEC). Bloomberg reports that Brainard is a top contender, with other names like Gene Sperling and Wally Adiamo also in the mix. The White House is experiencing a natural shake-up post-midterm elections, with Ron Klain and Brian Deese expected to exit, but no changes will occur before the State of the Union on February 7th.

What is the Federal Reserve's target that requires restrictive policies?

• 2%

• 1%

• 4%

• 3%

Who is reported as a top contender for the head of the National Economic Council?

• Gene Sperling

• Wally Adiamo

• Leo Brainard

• Ron Klain

Which position might the Fed's vice chair take in the West Wing?

• Top Economic Voice

• Press Secretary

• Chief of Staff

• National Security Advisor

What is a natural occurrence at the White House after midterm elections?

• Budget cuts

• Staff shake-up

• Policy changes

• New legislation

When is the earliest expected time for staff changes at the White House?

• Before the State of the Union

• After the State of the Union

• Before the midterm elections

• At the end of the year