Back لايل براينارد ARZ Lael Breynard Azerbaijani Lael Brainard German لایل براینارد Persian Lael Brainard French Lael Brainard Italian ラエル・ブレイナード Japanese 레이얼 브레이너드 Korean Lael Brainard SIMPLE Lael Brainard Swedish
Lael Brainard | |
|---|---|
 Official portrait, 2023 | |
| Director of the National Economic Council | |
| Assumed office February 21, 2023 | |
| President | Joe Biden |
| 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 |
| 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 | Adriana Kugler |
| 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 | |
| Children | 3 |
| Education | Wesleyan University (BA) Harvard University (MA, PhD) |
Lael Brainard (born January 1, 1962) is an American economist serving as the 14th director of the National Economic Council since February 21, 2023. She previously served as the 22nd vice chair of the Federal Reserve between May 2022 and February 2023. Prior to her term as vice chair, Brainard served as a member of the Federal Reserve Board of Governors, taking office in 2014. Before her appointment to the Federal Reserve, she served as the under secretary of the treasury for international affairs from 2010 to 2013.
Brainard was nominated by Barack Obama to serve as the Under Secretary of the Treasury for International Affairs at the Department of the Treasury on March 23, 2009.[1] She was confirmed to the position by a 78–19 vote in the U.S. Senate on April 20, 2010, and was sworn in on the same day.[2] She tendered her resignation on November 8, 2013, amid indicators in the professional community that she would be a viable nominee to the Fed board.[3]
President Biden nominated Brainard to serve as Vice Chair of the Federal Reserve on November 22, 2021, succeeding Richard Clarida in the role.[4] On April 26, 2022, her nomination as Federal Reserve Vice Chair was confirmed by the U.S. Senate.[5] She was sworn in on May 23, 2022.[6] In February 2023, Biden announced Brainard as Brian Deese's successor as Director of the National Economic Council (NEC).[7] She resigned her positions as Federal Reserve governor and Vice Chair on February 18, 2023.[8] As NEC director, Brainard additionally serves as chair of the White House Competition Council.[9]
- ^ "President Obama Announces Additional Treasury Department Nominations". whitehouse.gov. Archived from the original on January 29, 2017. Retrieved November 20, 2020 – via National Archives.
- ^ "PN224 - Nomination of Lael Brainard for Department of the Treasury, 111th Congress (2009-2010)". www.congress.gov. April 20, 2010. Archived from the original on October 26, 2020. Retrieved November 20, 2020.
- ^ "Dow Jones". Dow Jones. Archived from the original on October 7, 2020. Retrieved November 20, 2020.
- ^ "US President Biden to Keep Powell as Chair, Elevates Lael Brainard to Serve as Vice Chair". Sovereign Wealth Fund Institute. Retrieved November 11, 2021.
- ^ Rugaber, Christopher (April 26, 2022). "Brainard wins Senate confirmation to be Fed's vice chair". Associated Press. Retrieved April 26, 2022.
- ^ "Lael Brainard sworn in as Vice Chair of the Board of Governors of the Federal Reserve System". Federal Reserve. Retrieved May 23, 2022.
- ^ "Biden announces reshaped economic team, naming 2 new top advisers". CBS. February 14, 2023. Retrieved February 14, 2023.
- ^ "Federal Reserve Board - Board Members". Board of Governors of the Federal Reserve System. Retrieved February 21, 2023.
- ^ "Brainard Renews Advocacy for Competition After Latest Bank Takeover". Bloomberg. May 4, 2023. Retrieved June 6, 2023.
Brainard took the NEC role in February, succeeding Brian Deese. Both also served as chair of the White House Competition Council. Brainard touted measures such as restricting so-called "junk fees" and curbing the cost of hearing aids.
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