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Brainard Differs With Powell Ahead of Biden Fed Chair Choice
Federal Reserve Governor Lael Brainard staked out some different ground from Chair Jerome Powell as the policy makers await a presidential decision on who should lead the central bank in the coming four years. Brainard, considered a leading candidate to take over as Fed chief in February if Powell doesn’t get a second term, said she’s much more inclined to use regulatory tools to head off financial excesses like asset bubbles than the Powell-led central bank has been. In remarks late Friday to the prestigious Aspen Economic Strategy Group, she also exhibited a greater willingness to adopt a central bank digital ... (full story)