Page 27 - Brainard News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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

>> in i'm 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, it's difficult. it's not impossible for the president to get much done on his agenda if he doesn't have those two senators on board. that would apply to any nomination but also to anything else the president would want to get done including his social spending deal that they're trying to get through in the senate. you ta...

He can put brainard in the vice chair position. a bit of a compromise there. picking the more centrist, the person who's going to get more bipartisan support, maybe this is part of a pivot by the president when it comes to economic policy. >> i think you've got that exactly right, so it is in your area of expertise. steve liesman, because you've got a pretty good sense, and that's where we're going next. thank you so much. a big day in terms of economic and monetary policy, obviously. and coming up, big change is likely for the president's social spending plan. what could be on the chopping bl...

Starting to get back on its feet and we don't need that extraordinary measure anymore. so we're still going too far. the market is happy that brainard was not chosen for the top job. that's another four years of jerome powell. who knows who will be in the white house in four years. we'll 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 said there was price gouging on the part of oil and gas companies. that's what was causing infl...

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 want to continue to build on the economic success of this year, we need stability and independence a...