The new head of the National Economic Council on inflation, supply chains, jobs and post-SVB bank regulation.
It takes a versatile person to go from setting interest rates to setting an economic agenda, one expert says.
“It's hard to find a clear reason to have [a CBDC], and, in fact, there are a lot of reasons not to,” says the Roosevelt Institute’s Chris Hughes.
Brainard will be nominated for vice chair. The two officials typically agree on monetary policy but sometimes diverge on regulation.
The economy has been "pretty healthy," she says, but the shutdown is one of the downside risks the Fed is watching.