Fed's Brainard Favorite to Lead Economic Council
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Business, Social Studies
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University
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Hard
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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.
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OPEN ENDED QUESTION
3 mins • 1 pt
What are the names mentioned as potential candidates alongside Leo Brainard?
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3 mins • 1 pt
What date is mentioned for the state of the union address?
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