Biden’s FED Pick Can’t Answer Whether She’s a Capitalist or a Socialist
A top contender to be the next chair of the Federal Reserve refused three times to answer whether or not she was a capitalist or a socialist in 2019. “Governor Brainard, are you a capitalist or are you a socialist?”
Rep. Roger Williams asked Federal Reserve Board of Governors member Lael Brainard in a House Financial Services Committee hearing in September of 2019.
“Thank you for your question,” Brainard responded. “I certainly have viewed markets that are well regulated that are competitive as providing really important benefits in terms of innovation and dynamism.”
Williams, not satisfied with that response, asked again, “Well are you a capitalist or a socialist?”
“So again, I would say that markets that are well regulated where we’ve seen strong competition certainly have seen important benefits,” Brainard said.
Williams, who briefly interrupted Brainard during her second response pointing out that he’s asked the same question in a hearing 20 times and received the answer of capitalist each time, asked Brainard for a third time if she was a capitalist or a socialist.
“Again, I really don’t think about it in those terms,” Brainard responded.
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