One Versus One 🥊

One Versus One

Many elections are set to occur in 2022 in the United States, like the midterms to decide how the legislative branch of the United States will look like, gubernatorial elections to elect state leaders, and local elections for state legislatures. The economy relies on these elections, but not just in the way you think. Many government positions are up for grabs in 2022, including the Chair of the Federal Reserve, which the President gets to elect, and we all know how valuable that position is.

Now, the two candidates in the race are incumbent Jerome Powell, who we all know and love, and Lael Brainard. News outlets have reported that the decision could be made as early as this week because President Biden has had an individual meeting with each one of them. Looking at Powell, many believe that he will be re-elected as he has the support of Biden’s senior advisers and Democratic lawmakers while being a Republican. To many, Powell has done a great job during the COVID-19 pandemic regarding monetary policy. However, reports say that Brainard’s meeting with Biden went well and extended past the scheduled time slot, which has added a twist to the race. When it comes to monetary policy, though, they think alike. Both believe that inflationary pressures are a short-term effect and will die off, and Brainard was a contributor to Powell’s August 2020 plan to not raise rates to fight off inflation. The only main difference seems to be regulation, with Brainard favoring regulation on banks and other parts of the financial system, which gives her support from progressive Democrats. In the end though, it looks like the result of this race will rely on politics more than the economy itself. Who do you think will win?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.