Brainard, who promotes digital dollar advertising, was elected by Biden vice chairman of the Federal Reserve.

On November 22, the Golden Jubilee announced to the White House that former Vice President Biden had announced his intention to appoint President Powell as chairman of the Federal Reserve. Brainard has always called for stable monetary policy and support for the US central bank's issuance of digital currencies, noting that the widespread use of fixed currency risk. The Fed's discussion of digital dollars has become more "frightening" due to the changing nature of contactless payments and the difficulty of paying directly to households in the event of contagion. Brainard recalled the development of "quick" reasons for digital currency, including China and other countries promoting their own digital advantages, and said it was hard to imagine the United States falling behind. on another central bank digital bank. Results (CBDC).