Lael Brainard: The debt limit is not a tool for “extortion”
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 26 April 2023
⏱️ 27 minutes
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Summary
On today’s show, Lael Brainard — the former vice chair of the Federal Reserve and current head of the National Economic Council — sits down with us to chat about fiscal policy, inflation, banking regulation and the looming debt ceiling crisis. We’ll also tackle durable goods spending, a blocked tech merger and the school superintendent pipeline.
Transcript
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| 0:00.0 | We do a lot of monetary policy on this show, interest rates in the Fed. |
| 0:06.8 | Today we dip a toe into the fiscal side. |
| 0:11.1 | From American public media, this is Marketfiles. |
| 0:23.7 | In Washington, D.C., today I'm kind of a risotto. |
| 0:26.3 | It is Wednesday, the 26th of April. |
| 0:29.0 | It is always to have you along. |
| 0:31.4 | Everybody. |
| 0:32.4 | It was busy down at the White House today. |
| 0:34.2 | President Yun of South Korea is in town. |
| 0:36.6 | So there was security everywhere. |
| 0:38.3 | Vans and buses and SUVs, shuttling delegations all over the place. |
| 0:43.5 | In the relative calm of the Eisenhower Executive Office building, though right next door to the |
| 0:47.5 | White House, we got some time with Lail Brainerd, who until a couple of months ago was the vice |
| 0:52.5 | chair of the Federal Reserve, now the director of the National Economic Council. |
| 0:56.9 | So I asked her, just as a place to start, how she likes her new job. |
| 1:02.1 | You know, it's busy and I really enjoy it. |
| 1:07.1 | Let me dig into that a little bit because you've been doing monetary policy now for nine |
| 1:11.3 | plus years at the Fed. |
| 1:13.8 | And here you are now in fiscal policy land. |
| 1:16.0 | And I wonder how that's different for you. |
| 1:20.3 | Look for me, it is a chance to really make a huge difference in terms of the supply side |
| 1:27.4 | of the economy. |
... |
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