Lael Brainard

Member, Federal Reserve Board; Nominee as vice chair

INFO, BACKGROUND ON LAEL BRAINARD

BIRTH DATE
POSITION	Member, Federal Reserve Board (confirmed by Senate: June 2014); nominated as vice chair, Nov. 22, 2021
EDUCATION	B.A. Wesleyan University (1983) M.S., Ph.D., Harvard University (1989)
EXPERIENCE	Government: 2014 to present: member, Federal Reserve Board; 2010-13: undersecretary of the Treasury; 2009, counselor to the Treasury Secretary. (Previously served as deputy national economic adviser for President Bill Clinton (D)) Other 2001-08: vice president and founding director, the Global Economy and Development Program at the Brookings Institution. 1990-96; assistant and associate professor of applied economics at the Massachusetts Institute of Technology’s Sloan School of Management

FDIC Board to meet Thursday on deposit insurance fund restoration, Change in Bank Control Act

April 23, 2024 0

An update on the agency’s Deposit Insurance Fund (DIF) restoration plan and proposals related to the Change in Bank Control Act are the two discussion items on tap for Thursday’s open meeting of the Federal Deposit Insurance Corp. (FDIC) Board, [...]
CFPB taking comments for 30 days on last week’s nonbank designation rule

April 23, 2024 0

A revised procedural rule on how the consumer financial protection agency designates nonbanks for supervision is in effect now, according to a notice in Tuesday’s Federal Register, and comments from the public will be accepted until May 23. The Consumer [...]
Comments due June 18 on FDIC bank merger policy statement

April 22, 2024 0

Public comments on the federal bank deposit insuring agency’s proposed statement of policy on bank merger transactions are due June 18, according to a notice in Friday’s Federal Register. The proposed statement, issued March 21 by the Federal Deposit Insurance [...]
Nagging inflation pressures, leading to tight money, cited as biggest risk ahead for financial stability

April 22, 2024 0

Persistent inflationary pressures leading to a more restrictive than expected monetary policy stance is the most frequently cited risk to financial stability by researchers, academics and market participants, according to a report issued late Friday by the Federal Reserve. Other [...]