Lael Brainard Confirmed as Fed Vice Chair

The transcript discusses the current situation with the Federal Reserve nominations, focusing on Lyle Brainerd's nomination as vice chair amidst inflation concerns. It highlights the political challenges delaying other Fed nominees due to COVID-19 absences and a political spat. The upcoming hearing for Michael Barr is also mentioned, emphasizing its importance after a previous nominee had to resign.

Who was recently appointed as the vice chair of the Federal Reserve?

• Lyle Brainerd

• Philip Jefferson

• Michael Barr

• Lisa Cook

What is a major concern for the White House and voters ahead of the midterm elections?

• Foreign Policy

• Education

• Inflation

• Healthcare

What has caused a delay in the confirmation of the remaining Federal Reserve nominees?

• International conflicts

• Natural disasters

• COVID-19 related absences and a political spat

• Economic downturn

Which two senators were involved in a political spat affecting the Fed nominees?

• Chuck Schumer and Lindsey Graham

• Elizabeth Warren and Ted Cruz

• Bernie Sanders and Mitch McConnell

• Sherrod Brown and Toomey

Why is the upcoming hearing for Michael Barr significant?

• He is a controversial figure

• The previous nominee had to resign

• He is the first nominee for the position

• He is the President's third choice