The "expert"? okay if you pay him enough?

My comment the problem with the speculation below is how outdated it is. Like she is just supposed to serve wall street. Coordinating fiscal policy is more of Lael Brainard’s interest in stimulating the economy. This means working with congress for the admin to drum up ideas for fiscal policy while comprehending the monetary policy implications of normalized interest rates. Brainard is perhaps the very best versed person for this role.

Going into 2024 we are looking for growth and no longer worrying about inflation in the data.

U.S. President Joe Biden is expected to name Federal Reserve Vice Chair Lael Brainard to the White House’s top economic policy position as early as Tuesday, a source familiar with the matter said on Monday.

Brainard would replace White House National Economic Council (NEC) Director Brian Deese, who has announced his resignation.

“We don’t know what to infer from this,” said Vishnu Varathan, head of economics at Mizuho Bank in Singapore.

“Under normal circumstances I would have thought that her advice to Biden would be very pro stimulus,” he said.

“(But) the inflation backdrop will probably dampen if not check some of her underlying tendencies…I suspect that a lot of her input may be on the supply side.”

And another one of the Prez’s cabinet bites the dust… Actually looking for more $$$ and a better opportunity.

==> Marty - former Mayor of Boston and a Dorchester guy

1 Like