Hunter Biden Scandal – Fall Of 55 Thu, 13 Jan 2022 23:14:37 +0000 en-US hourly 1 Hunter Biden Scandal – Fall Of 55 32 32 Fed vice-presidential candidate Lael Brainard calls inflation ‘too high’ Thu, 13 Jan 2022 15:24:00 +0000

Lael Brainard, a Federal Reserve governor whom President Biden named the new central bank vice chair, told lawmakers the central bank would use its policies to tame inflation in prepared remarks for her confirmation hearing on Thursday. .

Ms. Brainard, who faces a check before the Senate Banking Committee, is expected to garner considerable support among Democrats and could garner Republican votes, although the number is unclear at this stage.

His appointment — and his new role at the Fed if confirmed by the Senate — comes at a tough economic time. Although unemployment is falling rapidly, inflation has taken off, with a report released on Wednesday showing a key price index rose in December at the fastest rate since 1982.

“We are seeing the strongest rebound in growth and the decline in unemployment of any recovery in the past five decades,” Ms. Brainard said. “But inflation is too high and workers across the country are worried about how high their paychecks will go.”