Posted on 04/26/2022 3:49:43 PM PDT by RandFan
The Senate on Tuesday confirmed Federal Reserve Governor Lael Brainard as vice chair of the central bank.
Senators voted 52 to 43 in favor of Brainard’s confirmation to be the No. 2 official on the Fed board of governors, where she’s served since 2014 at the appointment of former President Obama.
She will be just the third woman to serve as Fed vice chair since the modern central bank system was established in 1914, following Alice Rivlin and former Fed Chair and current Treasury Secretary Janet Yellen.
Six Republicans crossed the aisle to support Brainard, pushing her over the necessary 50 votes for confirmation as Democratic Sens. Ron Wyden (Ore.) and Chris Murphy (Conn.) isolate with COVID-19. All Senate Democrats and GOP Sens. Mike Crapo (Idaho), Lindsey Graham (S.C.), Bill Hagerty (Tenn.), Cynthia Lummis (Wyo.), Mike Rounds (S.D.) and Todd Young (Indiana) backed Brainard who had served as a Treasury undersecretary during the Obama administration and a White House economic adviser during the Clinton administration before joining the Fed.
(Excerpt) Read more at thehill.com ...
Some surprising names there.
Create 8% inflation?
Get promoted - by six Republican Senators!
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