Fed’s Lael Brainard Seen at Top of Biden’s Treasury Secretary List
- Wall Street worries about Warren’s progressive views
- Mnuchin seen staying for at least start of a second Trump term
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Democratic presidential nominee Joe Biden’s search for a Treasury secretary is widely seen as focusing on Lael Brainard of the Federal Reserve, a choice that would keep both Wall Street and progressives in line.
The more provocative choice of Senator Elizabeth Warren hasn’t been ruled out but is far less likely, and other possible names are being discussed for the top finance job if Biden wins November’s election, according to nine people familiar with the candidates and Biden’s thinking.