she's the -- braynard. suspicions to build that maybe the president is oized to reappoint jerome powell as the chairman and the fed governor, lyle braynard, as maybe the vice chair on the fed, sort of a bone to throw to progressives because she, i would say, much more to the left of jerome powell. but a way to keep them onboard and support jerome. powell's renomination as the head of the federal reserve and that she could be sort of waiting in ohs if, so to speak. again, there's no way you could make that leap here, but it is curious that the president met with both of them yesterday. we have no follow-up today. stay with us. ♪ that don't impress me much. ♪ so you got the moves, but have you got the touch? ♪ now, don't get me wrong, yeah, i think you're all right -- ♪ but that won't keep me warm in the middle of the night. ♪ that don't impress me much ♪♪ (vo) the more we do with our phones, the more network quality and reliability matter. and only verizon has been the most awarded for network quality 27 tim

former dallas fed says he thinks they want braynard, but the white house needs to count votes. >> jay of friends on both sides of the aisle. they know him, they worked with him for a long time. for it's easier to go the powell route but they're going to try, in the white house too, go the braynard route. that's why it's taking so long it's a nose count. >> it's worth noting they joined the network of supervisor and banks to fine angs climate risk. it would open up a fourth seat to be filled on a fed board where he's the only democrat and a fed chair likely to be tougher on bank regulation and more progressive on climate change. most see only modest differences. >> right something our viewers are very focussed on. help me on the climate change thing. you gave me two examples where powell has been addressing or trying to address on a global basis things that can be done to mitigate it. what behind this criticism that he hasn't done enough? >> well, you know, it's hard to think about powell going further in the current political environment. remember when he joined this group, he got a l

a lot of reporting about what fed fallacy under braynard would be like.eady as she goes, same as powell, but maybe -- how do you think the market would react if it was braynard and that did make its way through the senate >> i think it's going to be difficult to speculate on exactly where it is. we're starting to see hear some of the other fed governors get more aggressive. we're hearing maybe they have to move up more aggressively. they know virtually nothing will happen until after the announcement and possibly the conformation occurs. you know, i think powell is ready to begin to move a touch more aggressively. but nobody wants to do anything until the president makes hiss nomination so, even if powell is renominated and looks for an easy conformation, you still may see the fed begin to move. this is go took be a time to be very agile on your feet. i don't think the course is particularly clear yes, braynard has a variety of other interests. in the short run, the concern is not whether we get environmental or whatever. in the short run, it's going to b

>> well, i think both chair powell and governor braynard are outstanding, very seasoned, experienced if either of them got the nod from president biden, i think we would be in very good, capable hands. i have worked with both of them. i think they're both outstanding so i think the president has very good choices ahead of him. >> brennan: so not much of an impact on policy? >> i think both of them have been instrumental in the new framework that we've adopted in terms of not short-cutting the economy, and i'm confident either of them as chair would continue to see that through, and that's very important in my view. >> brennan: understood. neel kashkari, thank you for your insight. we will be right back with a lot more "face the nation." stay with us. under the mighty hand of god, in due time he will exalt you. hi, i'm joel osteen. i'm excited about being with you every week. i hope you'll tune in. you'll be inspired, you'll be encouraged. i'm looking forward to seeing you right here. you are fully loaded and completely equipped for the race that's been designed for you. covid and the

bottom line is i don't know if there's much daylight from a policy standpoint between braynard and powellves. i can't imagine that brainard's going to be a lot more hawkish on inflation than the powell, so i don't know if you can really blame him for inflation because the alternative would be even weaker. but that's what we're hearing. and, you know, listen, if you told me two months ago that powell would be 50-503, i would say you're crazy. if you told me six weeks ago, i think i reported on your show and cavuto's show both that he was in trouble because progress is don't like the taper when you cut back on bond purchases when you're trying to sell a lot of bonds. and right now the federal government is out there, it's going to be printing money, needs to print money like crazy to deal with this infrastructure package and maybe the build back america thing. the last thing you need -- you need the fed in the market at least buying the secondary supply because there's not enough buyers out there. but this has shifted. i think now you've got to give a slight edge to brain job ard -- brainar

monetary policy with my independent thinking everybody knew the white wanted to give this job to braynardight. if i were chair and i'm not. so, there you have it. >> what is the path for monetary policy sn depending on what happens -- and i know there's a lot of question marks and unknowns we've seen the impact of previous variants and what it's done to economic growth and skiddishness where the labor marked is concerned and supply chain and inflation and the fact it hasn't been so transitory is the risk rising here? >> we'll have to see we have inflationary impulses. there's nothing monetary policy can do about the supply constraints. what it has to deal with are inflationary expectations. and the fact that we do have a longer inflationary impulse than was originally expected. from the standpoint of building in expectations, the way businesses price what goes out the door to cost increases and what comes in the door once you build in mentality, you've got to offset that with monetary policy. and this is a very difficult decision that needs to be made but we know this we're going to conti

lail braynard stuart: is the vice chair.t year, what does the vice chair have? >> by herself not much. the som c is 12 members, the vice chairman of the fomc's vice president of the new york fed but the vice chair has a certain amount of influence. brainar d was the woke person so they put in a republican jay powell to counter that so they put a woke person and she's keen on pushing for climate change, more regulation, diversity at the fed and the unemployment rate, have more equality, here's the clinker. there's three tour for more open fed seats and you can better i will make the bet they are going to be woke fed appointees. no one on this board wants to fight inflation was they would rather fight climate change in that will isolate jay powell in the near-term future. it's not a great story at all. let's see what he does. i'm all for him. let's see what he does. stuart: the crunch is coming but not just yet. larry, we will be watching at 4:00 eastern time on foxbusiness. have a great thanksgiving. >> thank you, gobble gobb

may have to make the unpopular decision to tighten and perhaps sooner, and will that be powell or braynard not what the president wants. he doesn't want to plunge the economy into a recession. he wants to keep on spending and printing. >> but now his administration is the face of what's happening, so he also has to make sure he has the solution. that might be higher rates. he backed himself into a corner, good way to put it. stuart: futures, you're looking for a had the of green -- a lot of green at the opening bell, and we will take you there next. ♪ ♪ do you take aspirin? plain aspirin could be hurting your stomach. new vazalore is the first liquid-filled aspirin capsule clinically shown to cause fewer ulcers than plain aspirin. vazalore is designed to help protect... releasing aspirin after it leaves your stomach... where it is absorbed to give you the benefits of life saving aspirin... to help prevent another heart attack or stroke. heart protection with your stomach in mind. try new liquid-filled vazalore. aspirin made amazing! you know how some carriers give you so little for your ol

minimize the market reaction, but what do you think the market would do if the president chooses lyle braynardk it changes much. they're both into printing money, they're both into 0% interest rates. so i don't think much changes. i do know she's a little bit more strict on the banking regulation and things like that, but i've got news for you, look who they put in as nominee for comptroller of the currency who wants to basically get rid of what we have and oversee all our deposits. i'm not sweating it that much. pick or choose either one, it's going to be the same game. stuart: i keep saying this, that at some point with inflation running as hot as it's running, at some point the fed has to act more forcibly than it's acted already. is that a crucial point? when the fed acts forcefully, is that when everything gets upset? >> when they are forced to. you know, the fed told us if we ever go above 2% inflation, oh, we have to tighten. and you see they're in no rush. if i was running the fed right now, there'd be no more money printing, interest rates would be 1 or 2%. why? because they say they

lail braynard currently deserves as the reserve board of governors.chair jerome powell's job. president biden is expected to make a final decision soon. well, she won't be the only communist that he has nominated to oversee some of our financial matters, here you go. lawrence: business as usual. will: democrats are yesterday to spend big but $1.7 trillion plan may be even more expensive than they are revealing. brian brenberg breaks down the hidden costs. rachel: and santa's wonderland is back at bass pro shops and cabela's. rick reichmuth is live with the look at the ultimate christmas experience. rachel: that's a picture i never thought i would see. ♪ ♪ with the part of the dream you can buy -- with money. ray loves vacations. but his diabetes never seemed to take one. everything felt like a 'no'. everything. but then ray went from no to know. with freestyle libre 2, now he knows his glucose levels when he needs to. and... when he wants to. so ray... can be ray. take the mystery out of your glucose levels, and lower your a1c. now you know. scan the