Saturday, October 01, 2016
Garrett Hammers Fed Chairwoman on Political Conflicts of Interest
September 30,2016 the staff of the Ridgewood blog
Ridgewood NJ, During a congressional hearing on Wednesday Rep. Scott Garrett (R., N.J.) questioned Fed Chairwoman Janet Yellen about alleged conflicts of interest on the board. The congressman asked specifically about Fed governor Lael Brainard and her donations and connections to Hillary Clinton's presidential campaign.
Federal Reserve Chair Janet Yellen’s defense of the central bank as non-partisan came under attack on Wednesday, as a Republican congressman cornered her on whether a key policy maker would have a conflict of interest in discussing a post in the next U.S. president’s administration.
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