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2021-11-23
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Powell, Brainard nominated as Fed's 1-2 punch. What's next?<blockquote>鲍威尔，布雷纳德被提名为美联储的1-2拳。下一步是什么？</blockquote>
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What's next?<blockquote>鲍威尔，布雷纳德被提名为美联储的1-2拳。下一步是什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128629354","media":"Reuters","summary":"(Reuters) - President Joe Biden ended months of speculation over his pick to run the Federal Reserve","content":"<p>(Reuters) - President Joe Biden ended months of speculation over his pick to run the Federal Reserve in reappointing Jerome Powell as chair and promoting Fed Governor Lael Brainard to the bank's No. 2 role.</p><p><blockquote>（路透社）-美国总统乔·拜登（Joe Biden）重新任命杰罗姆·鲍威尔（Jerome Powell）为美联储主席，并提拔美联储理事莱尔·布雷纳德（Lael Brainard）担任美联储二号人物，结束了数月来关于他选择美联储主席的猜测。</blockquote></p><p> The announcement kicks off an approval process in the U.S. Senate that could wrap up as early as next month or stretch into early 2022. Powell's current term as chair expires in early February, and the Fed Board of Governors seat held by Richard Clarida, who currently holds the vice chair post to which Brainard has been nominated, expires at the end of January.</p><p><blockquote>该公告启动了美国的审批程序。参议院最早可能在下个月结束，也可能持续到 2022 年初。鲍威尔目前的主席任期将于2月初到期，理查德·克拉里达（Richard Clarida）担任的美联储理事会席位将于1月底到期，他目前担任布雷纳德被提名的副主席职位。</blockquote></p><p> In the meantime, the Fed continues about its business, with its final policy meeting of the year in three weeks. Here's what's ahead for the leadership process and the Fed's agenda:</p><p><blockquote>与此同时，美联储继续开展工作，三周后将召开今年最后一次政策会议。以下是领导流程和美联储议程的未来：</blockquote></p><p> FIRST STOP: SENATE BANKING COMMITTEE</p><p><blockquote>第一站：参议院银行委员会</blockquote></p><p> The nominations of Powell and Brainard, whose stints as Fed board members date to 2012 and 2014, respectively, must be formally submitted to the Senate, which will refer them to the Senate Banking Committee, chaired by Democrat Sherrod Brown.</p><p><blockquote>鲍威尔和布雷纳德的任期分别为2012年和2014年，他们的提名必须正式提交给参议院，参议院将把他们提交给由民主党人谢罗德·布朗担任主席的参议院银行委员会。</blockquote></p><p> The committee, split evenly between Democrats and Republicans, will schedule confirmation hearings and then vote to either report the nominees favorably, unfavorably or with no recommendation to the full Senate.</p><p><blockquote>该委员会由民主党和共和党各占一半，将安排确认听证会，然后投票决定向参议院全体成员报告有利、不利或不推荐被提名人。</blockquote></p><p> Fed officials including Powell and Brainard enter a \"blackout period\" starting at the end of next week ahead of their December 14-15 policy meeting, making it unlikely their confirmation hearing or committee vote could be held before then.</p><p><blockquote>包括鲍威尔和布雷纳德在内的美联储官员在12月14日至15日的政策会议之前从下周末开始进入“停电期”，这使得他们的确认听证会或委员会投票不太可能在此之前举行。</blockquote></p><p> ON TO THE FULL SENATE</p><p><blockquote>参议院全体会议</blockquote></p><p> Regardless of the committee's recommendation, the full 100-member chamber, also equally divided, then has the final say, with Vice President Kamala Harris designated as the tie-breaking vote should it come to that.</p><p><blockquote>不管委员会的建议如何，同样平分的100名成员的众议院拥有最终决定权，副总统卡马拉·哈里斯被指定为打破平局的一票。</blockquote></p><p> Both have been through this process before for their current posts. While neither received unanimous support in their previous nominations, both were ultimately approved.</p><p><blockquote>两人之前都经历过这个过程。虽然两人在之前的提名中都没有得到一致支持，但最终都获得了批准。</blockquote></p><p> Powell, a Republican who has focused extensively on his relations with Congress since becoming chair in 2018, is seen getting majority support from both parties. Brainard, a Democrat, may find less bi-partisan backing, but at least one Republican - Susan Collins of Maine - told Reuters she would back both.</p><p><blockquote>鲍威尔是一名共和党人，自2018年成为主席以来，他一直广泛关注与国会的关系，被认为得到了两党的多数支持。民主党人布雷纳德可能会得到较少的两党支持，但至少有一名共和党人——缅因州的苏珊·柯林斯——告诉路透社，她会支持两党。</blockquote></p><p> Broker-dealer BTIG in a note on Monday said it expects the process to move quickly in December, starting promptly after the Fed's next meeting.</p><p><blockquote>经纪自营商 BTIG 在周一的一份报告中表示，预计这一过程将在 12 月迅速推进，并在美联储下次会议后立即开始。</blockquote></p><p> \"Our base case is that they will be cleared by the full Senate this year,\" BTIG analyst Isaac Boltansky said.</p><p><blockquote>BTIG 分析师艾萨克·博尔坦斯基 (Isaac Boltansky) 表示：“我们的基本情况是，它们将于今年获得参议院全体会议的批准。”</blockquote></p><p> THREE MORE SPOTS</p><p><blockquote>还有三个地点</blockquote></p><p> Biden still has three vacancies to fill at the Fed's seven-member Board of Governors, including the vice chair for supervision role recently vacated by Randal Quarles, who leaves the Fed at the end of the year.</p><p><blockquote>拜登在美联储七人理事会中仍有三个空缺需要填补，其中包括兰德尔·夸尔斯（Randal Quarles）最近空出的负责监管的副主席职位，他将于今年年底离开美联储。</blockquote></p><p> These openings offer Biden an opportunity to put a lasting imprint on the central bank, and most analysts expect him to tap progressives and individuals of diverse backgrounds, especially for the bank-oversight role.</p><p><blockquote>这些职位空缺为拜登提供了一个在央行留下持久印记的机会，大多数分析师预计他将利用进步人士和不同背景的个人，特别是在银行监督角色方面。</blockquote></p><p> Progressives like Senator Elizabeth Warren of Massachusetts, upset with Biden's choice of Powell, have ramped up calls for a tougher Wall Street cop in the supervision seat.</p><p><blockquote>马萨诸塞州参议员Elizabeth Warren等进步人士对拜登选择鲍威尔感到不满，他们加大了评级，要求在监督席位上任命一名更强硬的华尔街警察。</blockquote></p><p> Biden said in his statement nominating Powell and Brainard that he would announce his choices for these roles in early December. Each will go through the same process detailed above.</p><p><blockquote>拜登在提名鲍威尔和布雷纳德的声明中表示，他将在12月初宣布对这些角色的选择。每个人都将经历上述相同的过程。</blockquote></p><p> A 'DIFFICULT DANCE'</p><p><blockquote>“困难的舞蹈”</blockquote></p><p> As the Powell and Brainard nominations weave their way through Capitol Hill, business at the Fed continues, with the year's final policy meeting in just three weeks' time and growing expectations for more decisive action to address annual inflation running at around twice the bank's 2%-a-year target.</p><p><blockquote>随着鲍威尔和布雷纳德的提名在国会山交织，美联储的业务仍在继续，今年最后一次政策会议将在短短三周内举行，人们越来越期望采取更果断的行动来解决年度通胀率约为该银行每年 2% 的目标。</blockquote></p><p> Earlier this month, officials took the first step toward putting policy on a more normal track after roughly a year-and-a-half in an emergency footing designed to cushion the economy from the broadside delivered by the pandemic.</p><p><blockquote>本月早些时候，官员们迈出了将政策纳入更正常轨道的第一步，此前大约一年半的紧急基础旨在缓冲疫情带来的经济影响。</blockquote></p><p> A number of Fed officials argue they need to accelerate that end-game process to bring inflation to heel - starting with a quicker end to their bond purchases and an earlier start to rate hikes.</p><p><blockquote>一些美联储官员认为，他们需要加快最终进程，以控制通胀——首先是更快地结束债券购买，并提前开始加息。</blockquote></p><p> Just how far Powell and Brainard are leaning in that direction is unclear, but both went out of their way on Monday as they stood alongside Biden to assure they are determined not to allow inflation to upend the ongoing economic recovery and hurt American families.</p><p><blockquote>鲍威尔和布雷纳德在这个方向上倾向于多大程度尚不清楚，但两人周一都特意与拜登站在一起，保证他们决心不让通货膨胀颠覆正在进行的经济复苏并伤害美国家庭。</blockquote></p><p> Mark Zandi, chief economist for Moody's Analytics, sees a challenging few months ahead for the Fed, with almost as much uncertainty about the pandemic - and the risks that poses to the recovery - as about inflation.</p><p><blockquote>穆迪分析公司首席经济学家马克·赞迪认为，美联储未来几个月将面临充满挑战的几个月，疫情及其给经济复苏带来的风险的不确定性几乎与通胀一样多。</blockquote></p><p> \"They have to raise rates quickly enough and take their foot off the accelerator fast enough that the economy doesn't experience runaway asset markets or inflation that's going to be tough to get back into something they feel comfortable with,\" Zandi said. \"It's a very difficult dance they're going to have to do.\"</p><p><blockquote>赞迪表示：“他们必须足够快地加息，并足够快地松开油门，这样经济就不会经历资产市场失控或通货膨胀，而这些情况很难回到他们感到舒适的状态。”“他们将不得不跳一支非常困难的舞蹈。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell, Brainard nominated as Fed's 1-2 punch. What's next?<blockquote>鲍威尔，布雷纳德被提名为美联储的1-2拳。下一步是什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell, Brainard nominated as Fed's 1-2 punch. What's next?<blockquote>鲍威尔，布雷纳德被提名为美联储的1-2拳。下一步是什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-23 14:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - President Joe Biden ended months of speculation over his pick to run the Federal Reserve in reappointing Jerome Powell as chair and promoting Fed Governor Lael Brainard to the bank's No. 2 role.</p><p><blockquote>（路透社）-美国总统乔·拜登（Joe Biden）重新任命杰罗姆·鲍威尔（Jerome Powell）为美联储主席，并提拔美联储理事莱尔·布雷纳德（Lael Brainard）担任美联储二号人物，结束了数月来关于他选择美联储主席的猜测。</blockquote></p><p> The announcement kicks off an approval process in the U.S. Senate that could wrap up as early as next month or stretch into early 2022. Powell's current term as chair expires in early February, and the Fed Board of Governors seat held by Richard Clarida, who currently holds the vice chair post to which Brainard has been nominated, expires at the end of January.</p><p><blockquote>该公告启动了美国的审批程序。参议院最早可能在下个月结束，也可能持续到 2022 年初。鲍威尔目前的主席任期将于2月初到期，理查德·克拉里达（Richard Clarida）担任的美联储理事会席位将于1月底到期，他目前担任布雷纳德被提名的副主席职位。</blockquote></p><p> In the meantime, the Fed continues about its business, with its final policy meeting of the year in three weeks. Here's what's ahead for the leadership process and the Fed's agenda:</p><p><blockquote>与此同时，美联储继续开展工作，三周后将召开今年最后一次政策会议。以下是领导流程和美联储议程的未来：</blockquote></p><p> FIRST STOP: SENATE BANKING COMMITTEE</p><p><blockquote>第一站：参议院银行委员会</blockquote></p><p> The nominations of Powell and Brainard, whose stints as Fed board members date to 2012 and 2014, respectively, must be formally submitted to the Senate, which will refer them to the Senate Banking Committee, chaired by Democrat Sherrod Brown.</p><p><blockquote>鲍威尔和布雷纳德的任期分别为2012年和2014年，他们的提名必须正式提交给参议院，参议院将把他们提交给由民主党人谢罗德·布朗担任主席的参议院银行委员会。</blockquote></p><p> The committee, split evenly between Democrats and Republicans, will schedule confirmation hearings and then vote to either report the nominees favorably, unfavorably or with no recommendation to the full Senate.</p><p><blockquote>该委员会由民主党和共和党各占一半，将安排确认听证会，然后投票决定向参议院全体成员报告有利、不利或不推荐被提名人。</blockquote></p><p> Fed officials including Powell and Brainard enter a \"blackout period\" starting at the end of next week ahead of their December 14-15 policy meeting, making it unlikely their confirmation hearing or committee vote could be held before then.</p><p><blockquote>包括鲍威尔和布雷纳德在内的美联储官员在12月14日至15日的政策会议之前从下周末开始进入“停电期”，这使得他们的确认听证会或委员会投票不太可能在此之前举行。</blockquote></p><p> ON TO THE FULL SENATE</p><p><blockquote>参议院全体会议</blockquote></p><p> Regardless of the committee's recommendation, the full 100-member chamber, also equally divided, then has the final say, with Vice President Kamala Harris designated as the tie-breaking vote should it come to that.</p><p><blockquote>不管委员会的建议如何，同样平分的100名成员的众议院拥有最终决定权，副总统卡马拉·哈里斯被指定为打破平局的一票。</blockquote></p><p> Both have been through this process before for their current posts. While neither received unanimous support in their previous nominations, both were ultimately approved.</p><p><blockquote>两人之前都经历过这个过程。虽然两人在之前的提名中都没有得到一致支持，但最终都获得了批准。</blockquote></p><p> Powell, a Republican who has focused extensively on his relations with Congress since becoming chair in 2018, is seen getting majority support from both parties. Brainard, a Democrat, may find less bi-partisan backing, but at least one Republican - Susan Collins of Maine - told Reuters she would back both.</p><p><blockquote>鲍威尔是一名共和党人，自2018年成为主席以来，他一直广泛关注与国会的关系，被认为得到了两党的多数支持。民主党人布雷纳德可能会得到较少的两党支持，但至少有一名共和党人——缅因州的苏珊·柯林斯——告诉路透社，她会支持两党。</blockquote></p><p> Broker-dealer BTIG in a note on Monday said it expects the process to move quickly in December, starting promptly after the Fed's next meeting.</p><p><blockquote>经纪自营商 BTIG 在周一的一份报告中表示，预计这一过程将在 12 月迅速推进，并在美联储下次会议后立即开始。</blockquote></p><p> \"Our base case is that they will be cleared by the full Senate this year,\" BTIG analyst Isaac Boltansky said.</p><p><blockquote>BTIG 分析师艾萨克·博尔坦斯基 (Isaac Boltansky) 表示：“我们的基本情况是，它们将于今年获得参议院全体会议的批准。”</blockquote></p><p> THREE MORE SPOTS</p><p><blockquote>还有三个地点</blockquote></p><p> Biden still has three vacancies to fill at the Fed's seven-member Board of Governors, including the vice chair for supervision role recently vacated by Randal Quarles, who leaves the Fed at the end of the year.</p><p><blockquote>拜登在美联储七人理事会中仍有三个空缺需要填补，其中包括兰德尔·夸尔斯（Randal Quarles）最近空出的负责监管的副主席职位，他将于今年年底离开美联储。</blockquote></p><p> These openings offer Biden an opportunity to put a lasting imprint on the central bank, and most analysts expect him to tap progressives and individuals of diverse backgrounds, especially for the bank-oversight role.</p><p><blockquote>这些职位空缺为拜登提供了一个在央行留下持久印记的机会，大多数分析师预计他将利用进步人士和不同背景的个人，特别是在银行监督角色方面。</blockquote></p><p> Progressives like Senator Elizabeth Warren of Massachusetts, upset with Biden's choice of Powell, have ramped up calls for a tougher Wall Street cop in the supervision seat.</p><p><blockquote>马萨诸塞州参议员Elizabeth Warren等进步人士对拜登选择鲍威尔感到不满，他们加大了评级，要求在监督席位上任命一名更强硬的华尔街警察。</blockquote></p><p> Biden said in his statement nominating Powell and Brainard that he would announce his choices for these roles in early December. Each will go through the same process detailed above.</p><p><blockquote>拜登在提名鲍威尔和布雷纳德的声明中表示，他将在12月初宣布对这些角色的选择。每个人都将经历上述相同的过程。</blockquote></p><p> A 'DIFFICULT DANCE'</p><p><blockquote>“困难的舞蹈”</blockquote></p><p> As the Powell and Brainard nominations weave their way through Capitol Hill, business at the Fed continues, with the year's final policy meeting in just three weeks' time and growing expectations for more decisive action to address annual inflation running at around twice the bank's 2%-a-year target.</p><p><blockquote>随着鲍威尔和布雷纳德的提名在国会山交织，美联储的业务仍在继续，今年最后一次政策会议将在短短三周内举行，人们越来越期望采取更果断的行动来解决年度通胀率约为该银行每年 2% 的目标。</blockquote></p><p> Earlier this month, officials took the first step toward putting policy on a more normal track after roughly a year-and-a-half in an emergency footing designed to cushion the economy from the broadside delivered by the pandemic.</p><p><blockquote>本月早些时候，官员们迈出了将政策纳入更正常轨道的第一步，此前大约一年半的紧急基础旨在缓冲疫情带来的经济影响。</blockquote></p><p> A number of Fed officials argue they need to accelerate that end-game process to bring inflation to heel - starting with a quicker end to their bond purchases and an earlier start to rate hikes.</p><p><blockquote>一些美联储官员认为，他们需要加快最终进程，以控制通胀——首先是更快地结束债券购买，并提前开始加息。</blockquote></p><p> Just how far Powell and Brainard are leaning in that direction is unclear, but both went out of their way on Monday as they stood alongside Biden to assure they are determined not to allow inflation to upend the ongoing economic recovery and hurt American families.</p><p><blockquote>鲍威尔和布雷纳德在这个方向上倾向于多大程度尚不清楚，但两人周一都特意与拜登站在一起，保证他们决心不让通货膨胀颠覆正在进行的经济复苏并伤害美国家庭。</blockquote></p><p> Mark Zandi, chief economist for Moody's Analytics, sees a challenging few months ahead for the Fed, with almost as much uncertainty about the pandemic - and the risks that poses to the recovery - as about inflation.</p><p><blockquote>穆迪分析公司首席经济学家马克·赞迪认为，美联储未来几个月将面临充满挑战的几个月，疫情及其给经济复苏带来的风险的不确定性几乎与通胀一样多。</blockquote></p><p> \"They have to raise rates quickly enough and take their foot off the accelerator fast enough that the economy doesn't experience runaway asset markets or inflation that's going to be tough to get back into something they feel comfortable with,\" Zandi said. \"It's a very difficult dance they're going to have to do.\"</p><p><blockquote>赞迪表示：“他们必须足够快地加息，并足够快地松开油门，这样经济就不会经历资产市场失控或通货膨胀，而这些情况很难回到他们感到舒适的状态。”“他们将不得不跳一支非常困难的舞蹈。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/powell-brainard-nominated-feds-1-060000626.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/powell-brainard-nominated-feds-1-060000626.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128629354","content_text":"(Reuters) - President Joe Biden ended months of speculation over his pick to run the Federal Reserve in reappointing Jerome Powell as chair and promoting Fed Governor Lael Brainard to the bank's No. 2 role.\nThe announcement kicks off an approval process in the U.S. Senate that could wrap up as early as next month or stretch into early 2022. Powell's current term as chair expires in early February, and the Fed Board of Governors seat held by Richard Clarida, who currently holds the vice chair post to which Brainard has been nominated, expires at the end of January.\nIn the meantime, the Fed continues about its business, with its final policy meeting of the year in three weeks. Here's what's ahead for the leadership process and the Fed's agenda:\nFIRST STOP: SENATE BANKING COMMITTEE\nThe nominations of Powell and Brainard, whose stints as Fed board members date to 2012 and 2014, respectively, must be formally submitted to the Senate, which will refer them to the Senate Banking Committee, chaired by Democrat Sherrod Brown.\nThe committee, split evenly between Democrats and Republicans, will schedule confirmation hearings and then vote to either report the nominees favorably, unfavorably or with no recommendation to the full Senate.\nFed officials including Powell and Brainard enter a \"blackout period\" starting at the end of next week ahead of their December 14-15 policy meeting, making it unlikely their confirmation hearing or committee vote could be held before then.\nON TO THE FULL SENATE\nRegardless of the committee's recommendation, the full 100-member chamber, also equally divided, then has the final say, with Vice President Kamala Harris designated as the tie-breaking vote should it come to that.\nBoth have been through this process before for their current posts. While neither received unanimous support in their previous nominations, both were ultimately approved.\nPowell, a Republican who has focused extensively on his relations with Congress since becoming chair in 2018, is seen getting majority support from both parties. Brainard, a Democrat, may find less bi-partisan backing, but at least one Republican - Susan Collins of Maine - told Reuters she would back both.\nBroker-dealer BTIG in a note on Monday said it expects the process to move quickly in December, starting promptly after the Fed's next meeting.\n\"Our base case is that they will be cleared by the full Senate this year,\" BTIG analyst Isaac Boltansky said.\nTHREE MORE SPOTS\nBiden still has three vacancies to fill at the Fed's seven-member Board of Governors, including the vice chair for supervision role recently vacated by Randal Quarles, who leaves the Fed at the end of the year.\nThese openings offer Biden an opportunity to put a lasting imprint on the central bank, and most analysts expect him to tap progressives and individuals of diverse backgrounds, especially for the bank-oversight role.\nProgressives like Senator Elizabeth Warren of Massachusetts, upset with Biden's choice of Powell, have ramped up calls for a tougher Wall Street cop in the supervision seat.\nBiden said in his statement nominating Powell and Brainard that he would announce his choices for these roles in early December. Each will go through the same process detailed above.\nA 'DIFFICULT DANCE'\nAs the Powell and Brainard nominations weave their way through Capitol Hill, business at the Fed continues, with the year's final policy meeting in just three weeks' time and growing expectations for more decisive action to address annual inflation running at around twice the bank's 2%-a-year target.\nEarlier this month, officials took the first step toward putting policy on a more normal track after roughly a year-and-a-half in an emergency footing designed to cushion the economy from the broadside delivered by the pandemic.\nA number of Fed officials argue they need to accelerate that end-game process to bring inflation to heel - starting with a quicker end to their bond purchases and an earlier start to rate hikes.\nJust how far Powell and Brainard are leaning in that direction is unclear, but both went out of their way on Monday as they stood alongside Biden to assure they are determined not to allow inflation to upend the ongoing economic recovery and hurt American families.\nMark Zandi, chief economist for Moody's Analytics, sees a challenging few months ahead for the Fed, with almost as much uncertainty about the pandemic - and the risks that poses to the recovery - as about inflation.\n\"They have to raise rates quickly enough and take their foot off the accelerator fast enough that the economy doesn't experience runaway asset markets or inflation that's going to be tough to get back into something they feel comfortable with,\" Zandi said. \"It's a very difficult dance they're going to have to do.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1244,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/875646473"}
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