logo |

News

    Home   >     Original    >     Main body

    Lael Brainard Hit the Headlines Recently

    Abstract:US president Joe Biden met Jerome Powell and Lael Brainard, the Fed chairman candidates, respectively at the While House on November 4, according to the source cited by the Wall Street Journal, which also said that each meeting was scheduled to last one hour, but Brainard stayed longer than Powell and her meeting with Biden seemed smoother. Nowadays, Biden’s approval rating is sharply slipping due to the dissatisfaction with his handling of Afghanistan and inflation among voters. It is estimated that Biden will appoint new Fed chairman instead of Powell in order to regain the trust of voters before the mid-term selection next year.
    Feishu20211118-160559.jpg

      US president Joe Biden met Jerome Powell and Lael Brainard, the Fed chairman candidates, respectively at the While House on November 4, according to the source cited by the Wall Street Journal, which also said that each meeting was scheduled to last one hour, but Brainard stayed longer than Powell and her meeting with Biden seemed smoother. Nowadays, Bidens approval rating is sharply slipping due to the dissatisfaction with his handling of Afghanistan and inflation among voters. It is estimated that Biden will appoint new Fed chairman instead of Powell in order to regain the trust of voters before the mid-term selection next year.

      It is disappointing that Powell failed to regulate the Fed officials who engaged in US stocks speculation and often delivered dovish messages deliberately in public, which boosted constantly their benefits from stocks. What‘s more, Powell always reckons that the US inflation will not last longer. However, the latest inflation data in the US has been recorded unwittingly a new high in the last 31 years, disappointing the voters, congresspeople and even Biden. So Powell’s capability has been questioned by the people.

      As is known to all, had Powell promised early to curb inflation that would last for a long time, the commodity traders wouldnt have bought the commodities recklessly, resulting in a sharp increase in commodity prices and rising inflation. If Powell delivers sooner-than-expected hawkish messages and takes tapering policy and rate-hike measures in advance, USD may be strong early, restraining the US imported inflation.

      In addition, strong USD is likely to force the commodity prices cool down and finally slow inflation. Therefore, Powell made a rookie mistake. Brainard is as dovish as Powell, according to the opinion by someone. You never know whether it has a different result, if she takes the office. Her nominee for the Fed chairman by Biden needs to be approved first by the US Senate and House of Representatives, and then Brainard is required to attend the hearing and answer the questions raised by congress members.

      At present, the US congresspeople have voiced more concern about the inflation in the country. Brainard must show her determination to fight against the inflation, if she wants to be the Fed governor. Hence, it is believe that she will perfectly turn into be hawkish when faced with the inquiry by the senates and representatives. USD has rallied continually recently due to both a soaring treasury yield driven by the worsening CPI and the hype in the market that Brainard is more likely to be appointed as the new Fed chairman with hawkish attitude.

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.