Lael Brainard Confirmed as Fed Vice Chair

The transcript discusses the current situation with the Federal Reserve nominations, focusing on Lyle Brainerd's nomination as vice chair amidst inflation concerns. It highlights the political challenges delaying other Fed nominees due to COVID-19 absences and a political spat. The upcoming hearing for Michael Barr is also mentioned, emphasizing its importance after a previous nominee had to resign.

What was the reason for the delay in confirming the Fed nominees?

What is the significance of the upcoming hearing for Michael Barr?