Economy

Who is Lael Brainard? What to know about Biden’s Fed vice chair pick

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Lael Brainard, governor of the U.S. Federal Reserve, listens during an event sponsored by the Economic Club of New York in New York, U.S., on Tuesday, Sept. 5, 2017.

Mark Kauzlarich | Bloomberg | Getty Images

Lael Brainard is often the outlier.

In her role as one of seven Federal Reserve governors, she’s made a habit of objecting to otherwise-unanimous motions to roll back financial regulations. Until her first objection in 2018, no governor had dissented since 2011.

Barring her handful of dissents each year, there have been just three others from her colleagues in recent years.

One of Brainard’s more-recent dissents came in June 2020, when the Fed considered changes to the Volcker Rule, a…



Source cnbc.com

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