WASHINGTON: US President Joe Biden has chosen Federal Reserve Vice Chair Lael Brainard to be his top economic advisor, ahead of a potential reelection campaign and as the administration battles stubbornly high inflation. Brainard joins Treasury Secretary Janet Yellen among the country's key economic policy
WASHINGTON: US President Joe Biden has chosen Federal Reserve Vice Chair Lael Brainard to be his top economic advisor, ahead of a potential reelection campaign and as the administration battles stubbornly high inflation.
Brainard replaces outgoing National Economic Council director Brian Deese, who helped craft massive spending bills and steer a path out of the pandemic shutdown."Lael, one of the country's leading macroeconomists, brings an extraordinary depth of domestic and international economic expertise," said Biden in a statement.
In a separate statement, the Fed said Brainard has submitted her resignation, effective on or around February 20. Bernstein currently serves as a member of the council and was formerly chief economist to Biden when he was vice president.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil falls on demand worry as Fed 'make or break moment' approachesSINGAPORE : Oil prices eased on Monday after rising 2 per cent in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming U.S. inflation data and refinery maintenance in Asia and the United States.Brent crude futures fell 74 cents, or 0.9 per cent, to $85.65
Read more »
Elephant in Thailand dies after eating tainted bananas fed by touristsThe bananas had been treated with ethylene gas, which can be fatal to elephants. Read more at straitstimes.com.
Read more »
Elephant in Thailand dies after eating tainted bananas fed by touristsBANGKOK - A 20-year-old elephant in Thailand died after tourists fed it with bananas that had been treated with ethylene gas, reported The Thaiger news outlet. The male elephant at the Kaebai Meechai Elephant Camp in Koh Chang, an island in the Gulf of Thailand, fell sick...
Read more »
Biden telecom board nominee says industry out to block her from positionWASHINGTON : President Joe Biden's pick for a key fifth seat on the Federal Communications Commission will tell lawmakers industry opponents have sought to scuttle her nomination to prevent more lower-priced broadband service.Gigi Sohn, who was nominated in October 2021, will have her third hearing for th
Read more »
White House rejects Beijing claims of US balloons over ChinaBEIJING/WASHINGTON - China said on Monday that US high altitude balloons had flown over its airspace without permission more than 10 times since the beginning of 2022, drawing a swift denial from Washington. Read more at straitstimes.com.
Read more »
US delegation to visit Pakistan as two sides seek to repair tiesWASHINGTON: US State Department Counselor Derek Chollet will lead a delegation to Pakistan this week as Washington and Islamabad seek to repair ties strained under former Prime Minister Imran Khan. The US delegation will visit Bangladesh and Pakistan from Feb 14 to 18 to meet with senior government officia
Read more »