{"id":52261,"date":"2021-10-08T02:35:26","date_gmt":"2021-10-07T22:35:26","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52261"},"modified":"2021-10-08T02:35:33","modified_gmt":"2021-10-07T22:35:33","slug":"what-could-nomination-of-lael-brainard-mean-for-wall-street","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/what-could-nomination-of-lael-brainard-mean-for-wall-street\/10\/08\/market-updates\/","title":{"rendered":"What could nomination of Lael Brainard mean for Wall Street?"},"content":{"rendered":"\n<p>Fed Governor Lael Brainard is getting closer to a key banking position as U. S. President Joe Biden studies who will chair the central bank and who will specifically supervise banks.<br><br>Even without getting the Chair\u2019s position, Brainard can be a major influence on banks. If she is not nominated as Chair, she will remain as a good bet to be named the vice chair for supervision.<br><br>There are likely three areas where her influence would be most felt: Climate change, central bank digital currency, and getting banks to raise capital during prosperous times.<br><br>Federal Reserve Governor Lael Brainard\u2019s increased influence ahead likely means substantial changes and challenges for the American banking system.<br><br>Brainard is considered a progressive who favors tighter hold on financial institutions, particularly the Wall Street powerhouses.  <br><br>Brainard\u2019s name came into focus last week when Senator Elizabeth Warren called current Chairman Jerome Powell \u201cdangerous\u201d because of the Fed\u2019s move to loosen bank regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed Governor Lael Brainard is getting closer to a key banking position as U. S. President Joe Biden studies who will chair the central bank and who will specifically supervise banks.Even without getting the Chair\u2019s position, Brainard can be a major influence on banks. If she is not nominated as Chair, she will remain as &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,37,39,36],"tags":[7718,6867,7163,7717],"class_list":["post-52261","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-forex-markets","category-global-stock-markets","category-market-updates","tag-feds-chair","tag-federal-reserve","tag-jerome-powell","tag-lael-brainard"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52261"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52261\/revisions"}],"predecessor-version":[{"id":52266,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52261\/revisions\/52266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31393"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}