Fed's Brainard seen as front-runner for Biden's Treasury Secretary role

Author: Adam Button | Category: Central Banks

Elizabeth Warren seen as far less likely

It's way too soon to be talking about Biden's cabinet but Bloomberg reports that Brainard has the inside track on the job.

I couldn't fault that decision. Brainard has been a good Fed Governor. Wall Street will note, however, that she led the charge to halt bank dividend payments during the pandemic.

So while she's far more Wall Street friendly than Warren, she's not exactly an ally.

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