johnson143_Tom WilliamsCQ Roll Call_laelbrainard Tom Williams/CQ Roll Cal

Reshuffle the Fed Board Now

Under the leadership of Jerome Powell, the US Federal Reserve seems headed for a massively consequential monetary-policy mistake. The best way to prevent it is to replace Powell with Lael Brainard, a Fed governor since 2014.

WASHNGTON, DC – Appointing the Chair of the Board of Governors of the United States Federal Reserve is at least as consequential as choosing a US Supreme Court justice. But while no Democratic president would put a Republican on the Supreme Court, President Joe Biden may be giving serious consideration to reappointing Jerome Powell, a Republican appointed four years ago by President Donald Trump, as Fed Chair.