The Front-Runner for Joe Biden’s Treasury Boss Has a Mighty CV
By News
Published 3 years ago on
October 27, 2020
Share
[aggregation-styles]
The Economist Subscription
In early 2009, faced with an economic crisis and a host of jobs to fill, Barack Obama, the newly inaugurated president, went hunting for talent. For the role of the Treasury department’s top diplomat he chose a capable economist named Lael Brainard, who had also worked in Bill Clinton’s administration. Ms Brainard later moved from the Treasury’s stately headquarters next to the White House to the Federal Reserve, where she has been on its Board of Governors since 2014. Should Joe Biden defeat President Donald Trump on November 3rd, she may well make a return journey, this time to occupy the grander office of the treasury secretary.
If Mr Biden wins his choice of team will be watched closely for clues as to how he might govern. His party’s left wing remains sceptical of his commitment to the sort of progressive reforms championed by Bernie Sanders and Elizabeth Warren, his challengers during the primaries. Conservatives and business leaders, on the other hand, are bracing themselves for higher taxes and stiffer regulations. Ms Brainard’s appointment to the Treasury could help neutralise the worst fears of each.
Read More →
The Economist Subscription
In early 2009, faced with an economic crisis and a host of jobs to fill, Barack Obama, the newly inaugurated president, went hunting for talent. For the role of the Treasury department’s top diplomat he chose a capable economist named Lael Brainard, who had also worked in Bill Clinton’s administration. Ms Brainard later moved from the Treasury’s stately headquarters next to the White House to the Federal Reserve, where she has been on its Board of Governors since 2014. Should Joe Biden defeat President Donald Trump on November 3rd, she may well make a return journey, this time to occupy the grander office of the treasury secretary.
If Mr Biden wins his choice of team will be watched closely for clues as to how he might govern. His party’s left wing remains sceptical of his commitment to the sort of progressive reforms championed by Bernie Sanders and Elizabeth Warren, his challengers during the primaries. Conservatives and business leaders, on the other hand, are bracing themselves for higher taxes and stiffer regulations. Ms Brainard’s appointment to the Treasury could help neutralise the worst fears of each.
Read More →
24 Oct 2020
RELATED TOPICS:
BTC Scammy Scams, Impact of Blockchain on Global Markets: Crypto The WonderDog Show
Economy /
14 hours ago
US Vetoes Full United Nations Membership for Palestine
World /
14 hours ago
Barbara Corcoran: 1% Interest Rate Drop Will Send Housing Prices ‘Through the Roof’
Housing /
15 hours ago
Cavinder Twins Are Returning to Miami for Their Last Season
Sports /
16 hours ago
Biden is Off on Details of His Uncle’s WWII Death as He Calls Trump Unfit to Lead the Military
Politics /
19 hours ago
US and UK Issue New Sanctions on Iran in Response to Tehran’s Weekend Attack on Israel
World /
19 hours ago
Who Owns Businesses in California? A Lawmaker Wants the Public to Know
SACRAMENTO, Calif. — A California lawmaker wants to require business owners and landlords to disclose their identities under legislation aim...
Business /
40 mins ago
Categories
Latest
Videos
Business /
40 mins ago
Who Owns Businesses in California? A Lawmaker Wants the Public to Know
Business /
13 hours ago
City Council Finally Gives New NW Fresno Costco a Green Light
Economy /
14 hours ago
BTC Scammy Scams, Impact of Blockchain on Global Markets: Crypto The WonderDog Show
World /
14 hours ago
US Vetoes Full United Nations Membership for Palestine
Housing /
15 hours ago
Barbara Corcoran: 1% Interest Rate Drop Will Send Housing Prices ‘Through the Roof’
Sports /
16 hours ago