, Columnist
The Bond Market's Spasm Over a Brainard Fed Makes Little Sense
It’s far from obvious that her stance on monetary policy would represent a significant change from current Fed Chair Jerome Powell.
A politically palatable choice.
Photographer: Al Drago/Bloomberg
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The big news of the day (delivered exclusively by Bloomberg News) is that Lael Brainard, a governor of the Federal Reserve, has been interviewed at the White House for the top job at the central bank. President Biden is taking the possibility of replacing Jerome Powell next year seriously, and a decision should be out by Thanksgiving, still more than two weeks away.