Lael Brainard
Lael Brainard (born January 1, 1962) is an American economist. Brainard is the 14th Director of the National Economic Council since 2023. She was the Vice Chair of the Federal Reserve from 2022 to 2023. She was on the Federal Reserve Board of Governors from 2014 to 2023. She was the United States Under Secretary of the Treasury for International Affairs from 2010 to 2013. She is a member of the Democratic Party.
Lael Brainard | |
|---|---|
 Brainard in July 2023 | |
| 14th Director of the National Economic Council | |
| Assumed office February 21, 2023 | |
| President | Joe Biden |
| Deputy | Joelle Gamble |
| Preceded by | Brian Deese |
| 22nd Vice Chair of the Federal Reserve | |
| In office May 23, 2022 – February 18, 2023 | |
| President | Joe Biden |
| Preceded by | Richard Clarida |
| Succeeded by | Philip Jefferson (nominee) |
| Member of the Federal Reserve Board of Governors | |
| In office June 16, 2014 – February 18, 2023 | |
| President | Barack Obama Donald Trump Joe Biden |
| Preceded by | Elizabeth Ashburn Duke |
| Succeeded by | Vacant |
| Under Secretary of the Treasury for International Affairs | |
| In office April 20, 2010 – November 8, 2013 | |
| President | Barack Obama |
| Preceded by | David H. McCormick |
| Succeeded by | Nathan Sheets |
| Personal details | |
| Born | January 1, 1962 Hamburg, West Germany (now Germany) |
| Political party | Democratic |
| Spouse(s) | Kurt M. Campbell (m. 1998) |
| Children | 3 |
| Education | Wesleyan University (BA) Harvard University (MA, PhD) |
Brainard was nominated by Barack Obama to serve as the undersecretary of international affairs at the Department of the Treasury on March 23, 2009.[1] She was sworn in on the same day on April 20, 2010.[2] She resigned on November 8, 2013.[3]
Brainard was nominated to the Fed board on January 13, 2014, alongside Stanley Fischer and Jerome Powell. She was confirmed by a 61-31 vote in the U.S. Senate on June 12, 2014.[4]
President Joe Biden nominated Brainard to be the Vice Chair of the Federal Reserve on November 22, 2021.[5] On April 26, 2022, her nomination as Federal Reserve Vice Chair was confirmed by the U.S. Senate.[6]
In February 2023, Biden announced Brainard as his Director of the National Economic Council.[7]
Lael Brainard Media
Brainard, far right, at a briefing for President Obama before the 2012 G20 Los Cabos summit
Brainard's Federal Reserve Board portrait
Brainard sworn in as vice chair of the Federal Reserve by Jerome Powell in May 2022
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References
- ↑ "President Obama Announces Additional Treasury Department Nominations". The White House. Retrieved 2020-11-20.
- ↑ "PN224 - Nomination of Lael Brainard for Department of the Treasury, 111th Congress (2009-2010)". www.congress.gov. 2010-04-20. Retrieved 2020-11-20.
- ↑ "Dow Jones". Dow Jones. Retrieved 2020-11-20.
- ↑ "PN1344 - Nomination of Lael Brainard for Federal Reserve System, 113th Congress (2013-2014)". www.congress.gov. 2014-06-12. Retrieved 2020-11-20.
- ↑ "US President Biden to Keep Powell as Chair, Elevates Lael Brainard to Serve as Vice Chair" (in en). Sovereign Wealth Fund Institute. https://www.swfinstitute.org/news/89677/us-president-biden-to-keep-powell-as-chair-elevates-lael-brainard-to-serve-as-vice-chair. Retrieved November 11, 2021.
- ↑ Rugaber, Christopher (April 26, 2022). Brainard wins Senate confirmation to be Fed's vice chair. Associated Press. https://apnews.com/article/biden-business-inflation-jerome-powell-lael-brainard-e1be5ef6fe10810d49ec4ef0d2c4999f. Retrieved April 26, 2022.
- ↑ "Biden announces reshaped economic team, naming 2 new top advisers". CBS. Retrieved February 14, 2023.
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