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Yellen Cornered by Lawmaker in Heated Exchange Over Fed Politics

Fed Governor Lael Brainard has donated to Clinton's campaign and is widely viewed as a potential Clinton pick for Treasury secretary. Yellen hesitated and then demurred when Representative Scott Garrett of New Jersey asked whether Brainard would have a conflict of interest if she were indeed in talks with Democratic nominee Hillary Clinton's campaign about a position. The election takes place Nov.
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Has more government intervention made U.S. banks stronger than Europe’s?

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That’s what Lael Brainard is arguing in her testimony before the Senate Banking Committee today. Brainard, the Treasury undersecretary for international affairs, makes the case that U.S. banks are now stronger and better capitalized...

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With news that the Fed had teed up Brainard, who has been even more in favor of keeping rates where they are than Fed Chair Janet Yellen this year, market participants wondered whether the central bank was going to set up an unexpec...

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Business & Finance : Money & Co

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