Should Biden Reappoint Jerome Powell? It Depends on His Theory of Change.

Lael Brainard is more aligned with the president, so picking her may please Democrats. Powell may have a more bipartisan seal of approval.

#appointments-and-executive-changes, #banking-and-financial-institutions, #biden-joseph-r-jr, #brainard-lael, #federal-reserve-system, #politics-and-government, #powell-jerome-h, #united-states-economy

How Should the Fed Deal With Climate Change?

When the economy hits hard times, survey data shows, people are less likely to worry about the environment.

#brainard-lael, #federal-reserve-system, #global-warming, #polls-and-public-opinion, #powell-jerome-h, #united-states-economy

Janet Yellen Gets a Chance to Shape the Fed, This Time From Outside

As Jerome H. Powell nears the end of his term as Federal Reserve chair, Ms. Yellen will have a say over whether he should stay on. Many progressive Democrats want him replaced.

#appointments-and-executive-changes, #banking-and-financial-institutions, #brainard-lael, #federal-reserve-system, #powell-jerome-h, #treasury-department, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

Fed Unity Cracks as Inflation Rises and Officials Debate Future

Federal Reserve officials are debating what to do as price risks loom, even as its leaders and the White House say today’s surge will most likely cool.

#american-rescue-plan-2021, #bowman-michelle, #brainard-lael, #bullard-james-b, #credit-and-debt, #daly-mary-c, #federal-reserve-system, #inflation-economics, #interest-rates, #kaplan-robert-s, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #quantitative-easing, #recession-and-depression, #stimulus-economic, #united-states-economy, #williams-john-c

Still Getting Your Head Around Digital Currency? So Are Central Bankers.

If you are trying to grasp Bitcoin and understand what China’s digital yuan means, America’s Federal Reserve is right there with you.

#banking-and-financial-institutions, #brainard-lael, #federal-reserve-bank-of-boston, #federal-reserve-system, #giancarlo-j-christopher, #libra-currency, #massachusetts-institute-of-technology, #peoples-bank-of-china, #powell-jerome-h, #united-states-economy, #us-dollar-currency, #virtual-currency

Investors Are Focused on Treasurys. Here’s What the Fed Could Do.

Central bankers have said they aren’t worried about a pop in longer-term bond yields. If they do become concerned, they have some options.

#banking-and-financial-institutions, #brainard-lael, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #stocks-and-bonds, #united-states-economy

Fed Joins Climate Network, to Applause From the Left

The central bank joined a network of global financial regulators focused on climate risk. The response to the move underlined its tricky politics.

#bank-of-england, #bank-of-japan, #banking-and-financial-institutions, #barr-andy, #biden-joseph-r-jr, #brainard-lael, #coronavirus-2019-ncov, #daly-mary-c, #federal-reserve-system, #global-warming, #lagarde-christine, #powell-jerome-h, #quarles-randal-k, #schatz-brian, #united-states-politics-and-government

Lael Brainard’s Steady Rise Could Culminate in Treasury Secretary Post

The Fed governor is seen as a top candidate for the job, though some progressives try to paint her as a centrist who was soft on China.

#banking-and-financial-institutions, #biden-joseph-r-jr, #brainard-lael, #federal-reserve-system, #presidential-transition-us, #treasury-department, #united-states-economy, #united-states-politics-and-government

Biden’s Team Steps Up Transition Plans, Mapping Out a White House

With Joe Biden leading in several important battleground states, his advisers and allies have moved rapidly to discuss hiring in critical roles, especially those overseeing the coronavirus response.

#appointments-and-executive-changes, #biden-joseph-r-jr, #blinken-antony-j, #brainard-lael, #defense-department, #general-services-administration, #klain-ronald-a, #murthy-vivek-h, #presidential-election-of-2020, #psaki-jennifer-r, #treasury-department, #united-states-politics-and-government

In Building Economic Team, Biden Faces Tug From Left and Center

The Democratic nominee is seeking to balance experience and diversity in preparing a team for a potential administration if he wins in November.

#biden-joseph-r-jr, #brainard-lael, #democratic-party, #federal-reserve-system, #ferguson-roger-w-jr, #goolsbee-austan-d, #labor-and-jobs, #powell-jerome-h, #presidential-election-of-2020, #raskin-sarah-bloom, #treasury-department, #united-states-economy, #united-states-politics-and-government, #warren-elizabeth, #yellen-janet-l

Fed Chair Warns This Is a ‘Downturn Without Modern Precedent’

It’s impossible to guess what the trajectory for the economy will look like, a series of central bankers warned. That makes nimbleness key.

#brainard-lael, #clarida-richard-h-1957, #coronavirus-2019-ncov, #economic-conditions-and-trends, #federal-reserve-bank-of-new-york, #federal-reserve-system, #labor-and-jobs, #powell-jerome-h, #recession-and-depression, #unemployment, #united-states-economy, #williams-john-c

Fed Warns of Financial Risks as Coronavirus Downturn Wears On

The central bank said the financial system “amplified” the shock in March, and warned that vulnerabilities remain heightened.

#banking-and-financial-institutions, #brainard-lael, #coronavirus-2019-ncov, #federal-reserve-system, #hedge-funds, #stocks-and-bonds, #united-states-economy