Brainard is expected to also be under consideration for either the position now held by Clarida or the one exited by Quarles.
Diane Swonk, chief economist at Grant Thornton, said the market may get it wrong if it paints Brainard as more dovish. Swonk said she views Powell and Brainard as equally competent but her preference is for continuity given the challenges the Fed and economy are facing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: