Page 14 - Brainard News Today

Powell, a Republican, was nominated by former President Trump in 2017.

>> in im laughing at you. >> charles: we got the renomination of jerome peel. progresses wanted brainard. joe manchin is the key right now. your thoughts on that and what it does for the biden agenda? >> well, when you talk about joe manchin and senator sinema being key here, its difficult. its not impossible for the president to get much done on his agenda if he doesnt have those two senators on board. that would apply to any nomination but also to anything else the president would want to get ...

He can put brainard in the vice chair position. a bit of a compromise there. picking the more centrist, the person whos going to get more bipartisan support, maybe this is part of a pivot by the president when it comes to economic policy. >> i think youve got that exactly right, so it is in your area of expertise. steve liesman, because youve got a pretty good sense, and thats where were going next. thank you so much. a big day in terms of economic and monetary policy, obviously. and coming up, ...

Starting to get back on its feet and we dont need that extraordinary measure anymore. so were still going too far. the market is happy that brainard was not chosen for the top job. thats another four years of jerome powell. who knows who will be in the white house in four years. well see. good news on the -- one thing that worried me. you mentioned gas prices. last week the president was trying to deflect blame for all of the problems to the producers in terms of reason why we have inflation. he...

Now in addition to reappointing jerome powell, who was first appointed to the board of governors of the federal reserve under president obama, and then elevated to the post of chair under president trump, biden is also elevating brainard to the post of vice chair, currently sits on the federal reserve board and considered one of the top contenders for the fed chair position in addition to powell. i want to read you a statement released just a short while ago from president biden. he said "if we ...

Keep things going. inflation has been a beast and as hid hint employment but many believe were in a crisis now and many believe he has to step up. >> he has to step up. weve seen tapering stocks this month. theres broad anticipation that interest rates will tick back up perhaps at the back end of last year. the key is, the employment is still not over. were still missing several many individuals from the labor force. in jay powell figures out why that is, theres this tension between inflation an...

Powell, a Republican, was nominated by former President Trump in 2017.

Powell, a Republican, was nominated by former President Trump in 2017.

Which will be quite important in the next couple of years some of the pick for the next fed chair will be crucial to the markets whether its biden or the more dovish pick in brainard. one issue has been covid with europe in lockdownsdown. thats a condition. airlines are hoping all of us will not be just frequent flyers as the holidays approach but also frequent spenders on our airlines cards. what does that mean? what flyer rules are changing for everyone? >> its quite a bit. people have looke...

0 whats going on? i want to talk to you. whats going on? police are on the way. his dad says go back, i am not going back there. ill go from buford around the homes, and thats what he does, he drives around. now, his dad is back in the truck. his dad is old and infirm. hes sitting on this bench in the back of the truck. drives all the way around thinking im not going to go back into this mess down here. ill drive around, and when he drives around youve now learned about this dog leg, that black ...