Lael Brainard, President Biden's nominee for the Federal Reserve's No. 2 spot, said Thursday that combating inflation is the Fed's top priority, suggesting interest rates could rise as soon as March.
governor Lael Brainard, President Biden's nominee for the central bank's No. 2 spot, said Thursday that combating red-hot inflation is the Fed's top priority, suggesting that policymakers could raise interest rates as soon as March to quell soaringTestifying at her confirmation hearing before the Senate Banking Committee, Brainard acknowledged that inflation is "too high," and is hurting working-class Americans.
Lael Brainard, President Bidens nominee to be the new vice chair of the Federal Reserve, is sworn in during her nomination hearing with the Senate Banking Committee on Capitol Hill Jan. 13, 2022.
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