certainty, it hates uncertainty. one other aspect i think that is important is i think president biden has broken something that could have become a new tradition that was begun under president trump where he just didn t reappoint former fed chair janet yellen, now his treasury secretary because she wasn t at first he said she was too short. the other thing hefbs he was not a democrat or not a republican. it could have been a tradition that continued and the idea really reinforces or. it does seem that barring something we don t know, he will be confirmed, but jason, you do have to navigate the political mine field of the progressives, the democrats elizabeth warren has said it s no secret i oppose
all of that, though, should work together and be complementary. and steve liesman, that is politically difficult, challenging, especially going into the midterms because that involves some pain. it does, and i think it s an interesting time from a lot of respects. the fed chair is going to have to pivot to containing inflation, and the idea of whether or not this ends up being what the fed chair has hoped it s going to be or forecast it s going to be. transitory, i think that idea is it s fading, it s going to go away on its own without the fed having to be tougher and take away some of the pandemic stimulus. i think speaking politically, andrea, a little bit out of my area of expertise here, but who knows, this may be the start of something of a pivot of the president towards the middle. he ended up, as you know, really not going with the progressive wing of his party on this no, ma am nomination.
in restoring that salt deduction, and then now it looks like democrats are giving a tax cut that will largely go to millionaires. they want to see that benefit perhaps shrunk back down. that could be a bit of a thorny debate, too, when the senate takes this up starting when they get back from their thanksgiving break. and, by the way, you also just heard the fed announcement, of course, and the likelihood that jerome powell has more support, bipartisan support than perhaps lael brainard would have had, although elizabeth warren is vowing for opposition. i think that s likely. we ve already heard from elizabeth warren of course opposed. some other progressives opposed or at least not supportive immediately of another term from powell, but we also heard almost immediately when the announcement was made that powell would be renominated from a series of senate republicans, including frankly some fairly conservative members who have not supported much of president biden s agenda or many
Transcripts for MSNBC Andrea Mitchell Reports 20211122 17:47:45 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
the white house will be doing what it did with the last bill, engaging, sending high up officials, top aides to capitol hill to be really in the middle of the negotiations. the white house understand this build back better agenda, it is part of a promise the president made to progressive, especially pramila jayapal, i m trusting president biden in singh and voting for the bipartisan infrastructure bill to get to other bigger part two done. the president has been talking about that and he s very much focused on making sure that gets through. thank you. our thanks to garrett who is about to anchor meet the press daily in a matter of minutes. thanks for taking the time for us. we ll all be watching at 1:00. in a little over a month, new york city will have a new mayor and there is no shortage of challenges from the covid pandemic to violence, the right to carry guns in public and joining me now it s my pleasure the new york city mayor elect