{"id":551834,"date":"2023-02-14T21:30:00","date_gmt":"2023-02-14T18:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/brainard-reportedly-moving-from-the-fed-to-head-national-economic-council\/"},"modified":"2023-02-14T21:30:00","modified_gmt":"2023-02-14T18:30:00","slug":"brainard-reportedly-moving-from-the-fed-to-head-national-economic-council","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/brainard-reportedly-moving-from-the-fed-to-head-national-economic-council\/","title":{"rendered":"# Brainard reportedly moving from the Fed to head National Economic Council"},"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-6a3e4ab44e793\" 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-6a3e4ab44e793\" 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\/brainard-reportedly-moving-from-the-fed-to-head-national-economic-council\/#%E2%80%9D_Brainard_reportedly_moving_from_the_Fed_to_head_National_Economic_Council_%E2%80%9C\" >&#8221; Brainard reportedly moving from the Fed to head National Economic Council  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Brainard_reportedly_moving_from_the_Fed_to_head_National_Economic_Council_%E2%80%9C\"><\/span>&#8221; Brainard reportedly moving from the Fed to head National Economic Council  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvOTk3MWJlN2QtYzBjNy00MWNkLTg1NzItZGQwZjNlZTZjMWJiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>Vice chair of the United States Federal Reserve Board Lael Brainard has been chosen to be the director of the National Economic Council, making her President Joe Biden\u2019s top economic adviser, according to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> reports. In her new position, Brainard will oversee the implementation of the Biden administration\u2019s multibillion-dollar economic agenda that includes the Bipartisan Infrastructure Law and the CHIPS and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">Science<\/a> Act.<\/p>\n<p>Brainard will replace Brian Deese, who is expected to leave that position before the end of the month. Her <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>ointment comes as the Biden administration is facing challenging economic conditions, with a looming debt limit and the Fed struggling to rein in inflation. Brainard was considered an inflation \u201cdove\u201d at the Fed, advocating for moderation as the Fed raised interest rates. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Biden\u2019s picking Fed Vice Chair Lael Brainard as his next National Economic Council director, per \u2066<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/KateDavidson?ref_src=twsrc%5Etfw\">@KateDavidson<\/a>\u2069, \u2066<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JenniferJJacobs?ref_src=twsrc%5Etfw\">@JenniferJJacobs<\/a>\u2069 and me. And Jared Bernstein is poised to take the helm of the CEA. Announcement(s) as soon as Tuesday.  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/u4O7FCcwxW\">https:\/\/t.co\/u4O7FCcwxW<\/a><\/p>\n<p>\u2014 Josh Wingrove (@josh_wingrove) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/josh_wingrove\/status\/1625338654485843970?ref_src=twsrc%5Etfw\">February 14, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Brainard joined the Fed in 2014 and was confirmed in the second spot on the board in April after weeks of partisan delay tactics. Her  term on the Fed would have run until 2026. Brainard was reportedly considered for the Fed chairmanship and as treasury secretary as well. <\/p>\n<p><strong><em>Related: Fed vice chair Brainard urges faster crypto regulation, touts role for stablecoin<\/em><\/strong><\/p>\n<p>Brainard has supported research on a U.S. central bank digital currency (CBDC) and stablecoin regulation. She said in a prepared statement ahead of a House of Representatives Financial Services Committee hearing on CBDC in May:<\/p>\n<blockquote><p>\u201cIn some future circumstances, CBDC could coexist with and be complementary to stablecoins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem.\u201d<\/p><\/blockquote>\n<p>Her testimony at that hearing impressed Republican lawmakers to the extent that 24 Republican members of the committee subsequently questioned her about whether the Fed is seeking to \u201ccurtail the use of digital assets and other private sector innovative payment methods\u201d through the introduction of a CBDC.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\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\/brainard-reportedly-moving-from-the-fed-to-head-national-economic-council\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Brainard reportedly moving from the Fed to head National Economic Council &#8220; Vice chair of the United States Federal Reserve Board Lael Brainard has been chosen to be the director of the National Economic Council, making her President Joe Biden\u2019s top economic adviser, according to media reports. In her new position, Brainard will oversee&#8230;<\/p>\n","protected":false},"author":1,"featured_media":551835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/9971be7d-c0c7-41cd-8572-dd0f3ee6c1bb.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75046,70550,70934],"class_list":["post-551834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cbdc","tag-federal-reserve","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/551834","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=551834"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/551834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/551835"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=551834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=551834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=551834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}