Sen. Brown Expects Powell and Brainard to Be Confirmed

The transcript discusses the confirmation process of a nominee for the Federal Reserve, highlighting bipartisan support and the expected timeline. It also covers Lael Brainard's confirmation, her opposition to deregulation, and her leadership in the Community Reinvestment Act. The discussion emphasizes the importance of continuity and bipartisan cooperation in the confirmation process.

What is the significance of the timing of the nominee's confirmation?

• The timing affects the nominee's responsibilities.

• The nominee cannot serve until confirmed.

• The nominee will serve regardless of the confirmation timing.

• It is crucial for the nominee to start serving.

Why was the nominee initially a Trump nominee retained by President Biden?

• Because of political pressure.

• Due to lack of other candidates.

• To avoid a lengthy confirmation process.

• For continuity and good performance.

What was a notable aspect of Lael Brainard's nomination process?

• It was expected to be tougher than it was.

• It was delayed multiple times.

• It faced significant opposition.

• It was unanimously supported.

What role did Lael Brainard play in the Federal Reserve?

• She supported deregulation.

• She was a leader in the Community Reinvestment Act.

• She was neutral on financial regulations.

• She was against the Community Reinvestment Act.

How did Brainard's stance on deregulation differ from Randall Quarles?

• She opposed deregulation efforts.

• She was more aggressive in deregulation.

• She had no opinion on deregulation.

• She supported weakening regulations.