{"id":437876,"date":"2022-04-26T23:30:00","date_gmt":"2022-04-26T20:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-senate-confirms-lael-brainard-as-fed-vice-chair\/"},"modified":"2022-04-26T23:30:00","modified_gmt":"2022-04-26T20:30:00","slug":"us-senate-confirms-lael-brainard-as-fed-vice-chair","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-senate-confirms-lael-brainard-as-fed-vice-chair\/","title":{"rendered":"# US Senate confirms Lael Brainard as Fed vice chair"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b760ad2dd4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b760ad2dd4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/us-senate-confirms-lael-brainard-as-fed-vice-chair\/#%E2%80%9D_US_Senate_confirms_Lael_Brainard_as_Fed_vice_chair_%E2%80%9C\" >&#8221; US Senate confirms Lael Brainard as Fed vice chair &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_Senate_confirms_Lael_Brainard_as_Fed_vice_chair_%E2%80%9C\"><\/span>&#8221; US Senate confirms Lael Brainard as Fed vice chair &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>After weeks of delays due,\u00a0 in part, to partisan obstructionism, the United States Senate has confirmed the nomination of  Lael Brainard, a member of the Federal Reserve&#8217;s board of governors, as the next vice chair of the central bank.<\/p>\n<p>In a 52\u201343 vote on the Senate floor on Tuesday, U.S. lawmakers <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.senate.gov\/legislative\/floor_activity_pail.htm\">confirmed<\/a> Brainard a vice chair of the Federal Reserve for four years, potentially beyond her term as a governor ending in January 2026. Brainard was one of four nominees waiting for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval since Republican lawmakers in the Senate Banking Committee boycotted a February committee, which would have sent the prospective Fed vice chair\u2019s nomination to the full Senate.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/f4a4e06a-40b3-4a28-bca9-ddc9144b948c.png\"><\/figure>\n<p>In addition to Brainard, the Senate will likely soon vote on the nominations of prospective Fed chair Jerome Powell, who has been serving as chair pro tempore since February, as well as economists Philip Jefferson and Lisa Cook as Fed governors. Former Obama administration official and law professor Michael Barr is also awaiting approval from lawmakers following President Joe Biden announcing Barr as his pick for Fed vice chair for supervision in April. <\/p>\n<p>During a January confirmation hearing, Brainard said Congress would ultimately have the power to decide whether to move forward with a central bank digital currency, or CBDC, adding the Fed would welcome the legislative body \u201ctaking a very important role\u201d in updating the regulatory framework for cryptocurrencies and digital assets. She has previously spoken in favor of the United States issuing a CBDC, but has\u00a0also expressed concerns about \u201clegal and regulatory safeguards\u201d for cryptocurrencies.<\/p>\n<p>The Federal Reserve, in addition to the Securities and Exchange Commission and the Commodity Futures Trading Commission, oversees many of the regulations covering digital assets in the United States. Many of the Fed vacancies were the result of terms expirations and the resignations of board members. Seven members sit on the board of governors when fully staffed, which has not happened in roughly ten years.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Biden&#8217;s Fed picks are likely headed to Senate vote after partisan delay<\/em><\/strong><\/p>\n<p>As with Brainard, Powell, Barr and Jefferson would need more than 50 votes to confirm their nomination with the full Senate. Vice President Kamala Harris was absent from the Senate floor on Tuesday, likely because she\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VP\/status\/1519026021458006018\">tested<\/a> positive for COVID-19. With Harris unable to act as a tie-breaking vote, her absence has reportedly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thehill.com\/news\/senate\/3464026-senate-covid-19-infections-throw-wrench-into-biden-fed-nominations\/\">delayed<\/a> a vote on Cook\u2019s nomination to sit on the Fed\u2019s board of governors.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/us-senate-confirms-lael-brainard-as-fed-vice-chair\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; US Senate confirms Lael Brainard as Fed vice chair &#8220; After weeks of delays due,\u00a0 in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member of the Federal Reserve&#8217;s board of governors, as the next vice chair of the central bank. In a 52\u201343 vote on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMDVkZjEyNTUtYzQzMy00YjRkLTlmOTctYjJiOWFkM2E0NmYyLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77189,70550,71511,32681,70934,67874],"class_list":["post-437876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-policies","tag-federal-reserve","tag-government","tag-politics","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437876"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437877"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}