Lael Brainard

{{short description|American economist (born 1962)}}

{{Use mdy dates|date=November 2020}}

{{Infobox officeholder

|name = Lael Brainard

|image = Lael Brainard, NEC Director.jpg

|caption = Official portrait, 2023

|office = Director of the National Economic Council

|president = Joe Biden

|term_start = February 21, 2023

|term_end = January 20, 2025

|predecessor = Brian Deese

|successor = Kevin Hassett

|office2 = 22nd Vice Chair of the Federal Reserve

|president2 = Joe Biden

|term_start2 = May 23, 2022

|term_end2 = February 18, 2023

|predecessor2 = Richard Clarida

|successor2 = Philip Jefferson

|office3 = Member of the Federal Reserve Board of Governors

|president3 = Barack Obama
Donald Trump
Joe Biden

|term_start3 = June 16, 2014

|term_end3 = February 18, 2023

|predecessor3 = Elizabeth Ashburn Duke

|successor3 = Adriana Kugler

|office4 = Under Secretary of the Treasury for International Affairs

|president4 = Barack Obama

|term_start4 = April 20, 2010

|term_end4 = November 8, 2013

|predecessor4 = Dave McCormick

|successor4 = Nathan Sheets

|birth_date = {{birth date and age|1962|1|1}}

|birth_place = Hamburg, West Germany

|death_date =

|death_place =

|party = Democratic

|spouse = {{marriage|Kurt M. Campbell|1998}}

|children = 3

|education = Wesleyan University (BA)
Harvard University (MA, PhD)

}}

Lael Brainard (born January 1, 1962) is an American economist who served as the 14th director of the National Economic Council from 2023 to 2025. 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.{{Cite web|title=President Obama Announces Additional Treasury Department Nominations|url=https://obamawhitehouse.archives.gov/realitycheck/node/1941|access-date=2020-11-20|language=en|archive-date=January 29, 2017|archive-url=https://web.archive.org/web/20170129150607/https://obamawhitehouse.archives.gov/realitycheck/node/1941|via=National Archives|work=whitehouse.gov|url-status=live}} 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.{{Cite web|date=2010-04-20|title=PN224 - Nomination of Lael Brainard for Department of the Treasury, 111th Congress (2009-2010)|url=https://www.congress.gov/nomination/111th-congress/224|access-date=2020-11-20|website=www.congress.gov|archive-date=October 26, 2020|archive-url=https://web.archive.org/web/20201026100409/https://www.congress.gov/nomination/111th-congress/224|url-status=live}} She tendered her resignation on November 8, 2013, in advance of her nomination by Obama to serve on the Fed board.{{Cite web|title=Dow Jones|url=https://www.dowjones.com/|access-date=2020-11-20|website=Dow Jones|language=en-US|archive-date=October 7, 2020|archive-url=https://web.archive.org/web/20201007054941/https://www.dowjones.com/|url-status=live}}

President Biden nominated Brainard to serve as Vice Chair of the Federal Reserve on November 22, 2021, succeeding Richard Clarida in the role.{{Cite news|title=US President Biden to Keep Powell as Chair, Elevates Lael Brainard to Serve as Vice Chair|language=en|work=Sovereign Wealth Fund Institute|url=https://www.swfinstitute.org/news/89677/us-president-biden-to-keep-powell-as-chair-elevates-lael-brainard-to-serve-as-vice-chair|access-date=November 11, 2021}} On April 26, 2022, her nomination as Federal Reserve Vice Chair was confirmed by the U.S. Senate.{{cite news|url=https://apnews.com/article/biden-business-inflation-jerome-powell-lael-brainard-e1be5ef6fe10810d49ec4ef0d2c4999f|title=Brainard wins Senate confirmation to be Fed's vice chair|first=Christopher|last=Rugaber|publisher=Associated Press|date=April 26, 2022|accessdate=April 26, 2022}} She was sworn in on May 23, 2022.{{cite web|url=https://www.federalreserve.gov/newsevents/pressreleases/other20220523d.htm|title=Lael Brainard sworn in as Vice Chair of the Board of Governors of the Federal Reserve System|website=Federal Reserve|accessdate=May 23, 2022}} In February 2023, Biden announced Brainard as Brian Deese's successor as Director of the National Economic Council (NEC).{{cite web|url=https://www.cbsnews.com/news/biden-economic-advisers-lael-brainard-jared-bernstein/|title=Biden announces reshaped economic team, naming 2 new top advisers|date=February 14, 2023 |publisher=CBS|accessdate=February 14, 2023}} She resigned her positions as Federal Reserve governor and Vice Chair on February 18, 2023.{{cite web |title=Federal Reserve Board - Board Members |url=https://www.federalreserve.gov/aboutthefed/bios/board/boardmembership.htm |access-date=2023-02-21 |website=Board of Governors of the Federal Reserve System |language=en}} As NEC director, Brainard additionally served as chair of the White House Competition Council.{{Cite news |date=2023-05-04 |title=Brainard Renews Advocacy for Competition After Latest Bank Takeover |language=en |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2023-05-04/brainard-renews-competition-advocacy-after-latest-bank-drama |access-date=2023-06-06 |quote="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."}}

Early life and education

Lael Brainard, daughter of the U.S. foreign-service officer and diplomat{{Cite web |url=https://www.focus.de/regional/hamburg/lael-brainard-nach-us-wahl-gebuertige-hamburgerin-ist-favorit-auf-posten-als-bidens-finanzministerin_id_12657148.html |title=Nach US-Wahl: Gebürtige Hamburgerin ist Favorit auf Posten als Bidens Finanzministerin |access-date=November 14, 2020 |archive-date=November 16, 2020 |archive-url=https://web.archive.org/web/20201116193547/https://www.focus.de/regional/hamburg/lael-brainard-nach-us-wahl-gebuertige-hamburgerin-ist-favorit-auf-posten-als-bidens-finanzministerin_id_12657148.html |url-status=live }} Alfred Brainard, grew up in West Germany and later Poland in the period before the Revolutions of 1989 and the Fall of the Berlin Wall.{{Cite web |url=https://www.mopo.de/hamburg/nach-us-wahl-wird-eine-gebuertige-hamburgerin-neue-finanzministerin---37612914 |title=Zukünftiger US-Präsident Joe Biden: Gebürtige Hamburgerin soll Finanzen übernehmen | MOPO.de |date=November 13, 2020 |access-date=November 14, 2020 |archive-date=November 13, 2020 |archive-url=https://web.archive.org/web/20201113160451/https://www.mopo.de/hamburg/nach-us-wahl-wird-eine-gebuertige-hamburgerin-neue-finanzministerin---37612914 |url-status=live }}{{Cite web|title=Treasury Official Lael Brainard Steps Down, as White House Considers Her for Fed PostDow Jones|url=https://www.dowjones.com/scoops/treasury-official-lael-brainard-steps-white-house-considers-fed-post/|access-date=October 7, 2020|website=Dow Jones|language=en-US|archive-date=October 10, 2020|archive-url=https://web.archive.org/web/20201010103239/https://www.dowjones.com/scoops/treasury-official-lael-brainard-steps-white-house-considers-fed-post/|url-status=live}}{{Cite news|last=Smialek|first=Jeanna|date=2020-11-10|title=Lael Brainard's Steady Rise Could Culminate in Treasury Secretary Post|language=en-US|work=The New York Times|url=https://www.nytimes.com/2020/11/10/business/economy/lael-brainard-treasury-secretary.html|access-date=2020-11-10|issn=0362-4331|archive-date=November 11, 2020|archive-url=https://web.archive.org/web/20201111001132/https://www.nytimes.com/2020/11/10/business/economy/lael-brainard-treasury-secretary.html|url-status=live}} She graduated with university honors from Wesleyan University with a Bachelor of Arts degree from the College of Social Studies.{{Cite news |title=The Fed - Lael Brainard |url=https://www.federalreserve.gov/aboutthefed/bios/board/brainard.htm |url-status=live |archive-url=https://web.archive.org/web/20180409110129/https://www.federalreserve.gov/aboutthefed/bios/board/brainard.htm |archive-date=April 9, 2018 |access-date=April 8, 2018 |work=Board of Governors of the Federal Reserve System |language=en}} Brainard received masters and doctoral degrees in economics from Harvard University, where she was a National Science Foundation Fellow.

She is the recipient of a White House Fellowship and a Council on Foreign Relations International Affairs Fellowship. She received the Alexander Hamilton Award for her service at the Department of the Treasury{{cite web|title=Lael Brainard Confirmed as Under Secretary for International Affairs|url=http://media-newswire.com/release_1117529.html|access-date=June 18, 2016|website=Media-newswire.com|archive-date=March 3, 2016|archive-url=https://web.archive.org/web/20160303165540/http://media-newswire.com/release_1117529.html|url-status=live}}{{cite web|title=Brainard to leave Treasury|url=http://www.politico.com/story/2013/11/lael-brainard-treasury-department-stepping-down-99355.html|access-date=June 18, 2016|website=Politico.com|date=November 4, 2013 |archive-date=December 14, 2013|archive-url=https://web.archive.org/web/20131214021711/http://www.politico.com/story/2013/11/lael-brainard-treasury-department-stepping-down-99355.html|url-status=live}} and was awarded the Harvard GSAS Centennial Medal and the New York Association of Business Economics William F. Butler Award in 2019.{{Cite web|title=Fearless Advocates, Tireless Leaders, Harvard's Centennial Medalists Have Made a Dramatic Impact on Society|url=https://news.harvard.edu/gazette/story/2019/05/harvards-centennial-medalists-have-dramatically-impacted-society|access-date=July 2, 2020|website=harvard.news.edu|date=May 29, 2019|archive-date=June 29, 2020|archive-url=https://web.archive.org/web/20200629203243/https://news.harvard.edu/gazette/story/2019/05/harvards-centennial-medalists-have-dramatically-impacted-society/|url-status=live}}{{Cite web|title=New York Association of Business Economics|url=http://nyabe.org/nyabe.nsf/pbview?Open&RestrictToCategory=PriorZ.ZOurQ.QEvents|access-date=July 2, 2020|website=nyabe.org|archive-date=July 3, 2020|archive-url=https://web.archive.org/web/20200703210357/http://nyabe.org/nyabe.nsf/pbview?Open&RestrictToCategory=PriorZ.ZOurQ.QEvents|url-status=live}}

Career

=Private sector=

Brainard started her career at McKinsey & Company advising corporate clients on strategic challenges.

Brainard served as assistant and associate professor of Applied Economics at the MIT Sloan School of Management from 1990 to 1996 where her publications made important contributions on the relationship between offshore production, trade, and jobs; the measurement of structural and cyclical unemployment in the U.S. economy; and strategic trade policy.

Brainard was a senior fellow at the Brookings Institution from 2001 to 2009 and Vice President and Director of the Global Economy and Development Program from 2006 to 2009.{{Cite news|date=November 30, 2001|title=Lael Brainard to Hold the Bernard L. Schwartz Chair in International Economics|language=en-US|work=Brookings|url=https://www.brookings.edu/news-releases/lael-brainard-to-hold-the-bernard-l-schwartz-chair-in-international-economics/|access-date=April 8, 2018|archive-date=April 9, 2018|archive-url=https://web.archive.org/web/20180409110008/https://www.brookings.edu/news-releases/lael-brainard-to-hold-the-bernard-l-schwartz-chair-in-international-economics/|url-status=live}}

=White House=

Beginning in 1997{{Cite web|last=Kuttner|first=Robert|date=September 23, 2020|title=Liberalish: The Complex Odyssey of Lael Brainard|url=https://prospect.org/api/content/bec29382-fd24-11ea-b183-1244d5f7c7c6/|access-date=October 13, 2020|website=The American Prospect|language=en-us|archive-date=November 20, 2020|archive-url=https://web.archive.org/web/20201120181413/https://prospect.org/economy/liberalish-complex-odyssey-of-lael-brainard-biden-treasury-secretary/|url-status=live}} Brainard served as deputy national economic advisor and deputy assistant to the president during the Clinton administration. In this role, she was the White House staff coordinator for the Asia-Pacific Economic Cooperation (APEC) Leaders Meeting in Vancouver and Manila; responsible for the President's three-year review of NAFTA; and for preparing the way for China's entry into the WTO. She was also responsible for the G7/G8 Jobs Conferences in the U.K. and France, and took part in President Clinton's visits to China, Latin America, the U.K., and the Summit of the Americas held in Miami.{{Cite web|title=Lael Brainard|url=https://clintonwhitehouse4.archives.gov/textonly/WH/EOP/nec/html/brainard.html|via=National Archives|work=whitehouse.gov|access-date=2020-11-23}}

As deputy director of the National Economic Council, she helped build a new White House organization to address global economic challenges such as the Asian financial crisis and China's accession to the World Trade Organization. As the U.S. Sherpa to the G8, she helped shape the 2000 G8 summit that, for the first time, included leaders of the poorest nations and laid the foundations for the Global Fund to Fight AIDS, Tuberculosis and Malaria.

=Treasury =

File:United States delegation on the eve of the G20 Summit (cropped).jpg]]

On March 23, 2009, President Obama nominated Brainard to serve as Under Secretary of the Treasury for International Affairs.{{cite web |url=https://obamawhitehouse.archives.gov/the_press_office/President-Obama-Announces-Additional-Treasury-Department-Nominations |title=President Obama Announces Additional Treasury Department Nominations |date=March 23, 2009 |via=National Archives |work=whitehouse.gov |access-date=June 18, 2016 }}{{cite web |url=https://obamawhitehouse.archives.gov/the-press-office/presidential-nominations-sent-senate-32309 |title=Presidential Nominations Sent to the Senate, 3/23/09 |date=March 23, 2009 |access-date=June 18, 2016 |archive-date=February 16, 2017 |archive-url=https://web.archive.org/web/20170216175217/https://obamawhitehouse.archives.gov/the-press-office/presidential-nominations-sent-senate-32309 |via=National Archives |work=whitehouse.gov |url-status=live }} Reuters News Service reported on December 23, 2009, that the Senate Finance Committee had approved Brainard to become the "Treasury Department's top global diplomat, a job that would give her a key role in the bid to push China toward a flexible currency".{{cite web|url=https://www.reuters.com/article/idUSTRE5BM3N420091223|title=Senate panel OKs Lael Brainard for Treasury post|date=December 23, 2009|work=Reuters|access-date=July 1, 2017|archive-date=November 20, 2020|archive-url=https://web.archive.org/web/20201120181412/https://www.reuters.com/article/idUSTRE5BM3N420091223|url-status=live}} The Senate confirmed her in a 78–19 vote on April 20, 2010.{{Cite web|url=https://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00119|title=U.S. Senate: U.S. Senate Roll Call Votes 111th Congress - 2nd Session|website=www.senate.gov|access-date=April 8, 2018|archive-date=April 9, 2018|archive-url=https://web.archive.org/web/20180409171531/https://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00119|url-status=live}} Brainard managed the Office of International Affairs at the Treasury Department with responsibilities including the euro area crisis and currency relations with China.{{cite web|url=http://www.treasury.gov/about/organizational-structure/offices/Pages/Office-Of-International-Affairs.aspx|title=International Affairs|website=Treasury.gov|access-date=June 18, 2016|archive-date=June 22, 2016|archive-url=https://web.archive.org/web/20160622015450/https://www.treasury.gov/about/organizational-structure/offices/Pages/Office-Of-International-Affairs.aspx|url-status=live}}{{Cite news|url=https://www.nytimes.com/2012/01/27/business/lael-brainard-is-washingtons-financial-envoy-to-euro-crisis.html|title=Lael Brainard Is Washington's Financial Envoy to Euro Crisis|last=Lowrey|first=Annie|date=2012|work=The New York Times|access-date=April 8, 2018|language=en-US|issn=0362-4331|archive-date=April 9, 2018|archive-url=https://web.archive.org/web/20180409174434/https://www.nytimes.com/2012/01/27/business/lael-brainard-is-washingtons-financial-envoy-to-euro-crisis.html|url-status=live}}{{Cite news|url=http://prospect.org/article/globalizing-reform-0|title=Globalizing Reform|work=The American Prospect|access-date=April 8, 2018|language=en|archive-date=April 9, 2018|archive-url=https://web.archive.org/web/20180409233341/http://prospect.org/article/globalizing-reform-0|url-status=live}} In this role, she exerted pressure on China to allow the forces of the free market to guide its currency. She also pressured Europe to follow a stronger economic rescue plan during the sovereign-debt crisis.{{Cite news|last=Smialek|first=Jeanna|date=2020-11-10|title=Lael Brainard's Steady Rise Could Culminate in Treasury Secretary Post|language=en-US|work=The New York Times|url=https://www.nytimes.com/2020/11/10/business/economy/lael-brainard-treasury-secretary.html|access-date=2020-11-12|issn=0362-4331|archive-date=November 11, 2020|archive-url=https://web.archive.org/web/20201111001132/https://www.nytimes.com/2020/11/10/business/economy/lael-brainard-treasury-secretary.html|url-status=live}}{{Cite news|date=2020-11-09|title=Brainard Faces China Questions If Biden Picks Her for Treasury|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2020-11-09/brainard-faces-china-questions-if-biden-picks-her-for-treasury|access-date=2020-11-12|archive-date=November 12, 2020|archive-url=https://web.archive.org/web/20201112192637/https://www.bloomberg.com/news/articles/2020-11-09/brainard-faces-china-questions-if-biden-picks-her-for-treasury|url-status=live}}{{Cite news|last=Siegel|first=Rachel|title=With pick for treasury secretary, Biden will tip hand about his economic agenda|language=en-US|newspaper=Washington Post|url=https://www.washingtonpost.com/business/2020/11/09/lael-brainard-biden-treasury-pick/|access-date=2020-11-12|issn=0190-8286|archive-date=November 12, 2020|archive-url=https://web.archive.org/web/20201112003335/https://www.washingtonpost.com/business/2020/11/09/lael-brainard-biden-treasury-pick/|url-status=live}}

During this time, she was the U.S. Representative to the G-20 Finance Deputies and G-7 Deputies and was a member of the Financial Stability Board. She received the Alexander Hamilton Award for her service. She left her post in the U.S. Treasury in November 2013.{{cite web|url=http://www.treasury.gov/about/organizational-structure/Pages/officials.aspx|title=Treasury Officials|website=Treasury.gov|access-date=June 18, 2016|archive-date=April 9, 2016|archive-url=https://web.archive.org/web/20160409063609/https://www.treasury.gov/about/organizational-structure/Pages/officials.aspx|url-status=live}}

=Federal Reserve Board=

File:Lael Brainard (14438068496).jpg

Brainard was nominated to the Federal Reserve Board of Governors by President Barack Obama in January 2014.{{cite news|url=http://www.latimes.com/business/money/la-fi-mo-federal-reserve-stanley-fischer-obama-nominate-lael-brainard-20140110,0,2990118.story#axzz2q1iETXGX|title=Obama to nominate Stanley Fischer, 2 others to Federal Reserve seats|last=Puzzanghera|first=Jim|date=January 10, 2014|newspaper=LA Times|access-date=January 10, 2014|archive-date=January 10, 2014|archive-url=https://web.archive.org/web/20140110225920/http://www.latimes.com/business/money/la-fi-mo-federal-reserve-stanley-fischer-obama-nominate-lael-brainard-20140110,0,2990118.story#axzz2q1iETXGX|url-status=live}} She was confirmed by the Senate by a vote of 61–31 on June 12, 2014,{{cite web|url=https://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=113&session=2&vote=00189|title=U.S. Senate Roll Call Votes 113th Congress - 2nd Session, Vote 189|date=June 12, 2014|publisher=Senate Bill Clerk|access-date=June 12, 2014|archive-date=July 9, 2014|archive-url=https://web.archive.org/web/20140709113700/http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=113&session=2&vote=00189|url-status=live}} and began her term on June 16, 2014.{{cite web|url=http://www.federalreserve.gov/aboutthefed/bios/board/brainard.htm|title=FRB: Lael Brainard|website=Federalreserve.gov|access-date=June 18, 2016|archive-date=June 3, 2016|archive-url=https://web.archive.org/web/20160603213905/http://www.federalreserve.gov/aboutthefed/bios/board/brainard.htm|url-status=live}}{{Cite news|url=https://www.nytimes.com/2016/07/26/business/lael-brainard-donning-a-global-lens-champions-low-rates-at-fed.html|title=Lael Brainard, Donning a Global Lens, Champions Low Rates at Fed|last=Appelbaum|first=Binyamin|date=July 25, 2016|work=The New York Times|access-date=April 8, 2018|language=en-US|issn=0362-4331|archive-date=April 9, 2018|archive-url=https://web.archive.org/web/20180409115015/https://www.nytimes.com/2016/07/26/business/lael-brainard-donning-a-global-lens-champions-low-rates-at-fed.html|url-status=live}} Brainard serves as Administrative Governor, Chair of the Committee on Financial Stability, the Committee on Federal Reserve Bank Affairs, the Committee on Consumer and Community Affairs, the Committee on Payments, Clearing and Settlements, and the Subcommittee on Smaller Regional and Community Banking Organizations.{{Cite news |title=The Fed - Board Members |url=https://www.federalreserve.gov/aboutthefed/bios/board/default.htm |url-status=live |archive-url=https://web.archive.org/web/20180318173211/https://www.federalreserve.gov/aboutthefed/bios/board/default.htm |archive-date=March 18, 2018 |access-date=April 8, 2018 |work=Board of Governors of the Federal Reserve System |language=en}}

==Vice Chair of the Federal Reserve==

File:NZ78628 (52094517386).jpg in May 2022]]

On November 22, 2021, President Joe Biden nominated Brainard to be the vice-chair of the Federal Reserve.{{cite web |title=President Biden Nominates Jerome Powell to Serve as Chair of the Federal Reserve, Dr. Lael Brainard to Serve as Vice Chair |url=https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2021/11/22/president-biden-nominates-jerome-powell-to-serve-as-chair-of-the-federal-reserve-dr-lael-brainard-to-serve-as-vice-chair/ |website=The White House |date=November 22, 2021 |access-date=17 March 2022}} Her initial nomination was returned to President Biden on January 3, 2022, due to it expiring at the end of the year.{{cite web |title=PN1464 — Lael Brainard — Federal Reserve System 117th Congress (2021-2022) |url=https://www.congress.gov/nomination/117th-congress/1464?q=%7B%22search%22%3A%5B%22brainard%22%2C%22brainard%22%5D%7D&s=2&r=1 |website=US Congress |date = January 3, 2022|access-date=17 March 2022}} President Biden renominated her the following day.

Hearings were held on Brainard's nomination before the Senate Banking Committee on January 13, 2022. The committee favorably reported her nomination to the Senate floor on March 16, 2022, in a 16–8 vote.{{cite web |title=PN1529 — Lael Brainard — Federal Reserve System 117th Congress (2021-2022) |url=https://www.congress.gov/nomination/117th-congress/1529?q=%7B%22search%22%3A%5B%22brainard%22%2C%22brainard%22%5D%7D&s=2&r=2 |website=US Congress |date = March 16, 2022|access-date=17 March 2022}}{{cite web |last1=Lane |first1=Sylvan |title=Senate panel advances Biden Fed nominees to confirmation votes |url=https://thehill.com/policy/finance/598542-senate-panel-advances-biden-fed-nominees-to-confirmation-votes |website=The Hill |date=March 16, 2022 |access-date=17 March 2022}} On April 25, 2022, the United States Senate invoked cloture on her nomination by a 54–40 vote. On April 26, 2022, her nomination was confirmed by the Senate by a 52–43 vote, with all Democrats present and seven Republicans voting in favor of her confirmation. She became just the third woman to serve as Fed's Vice Chair, following Alice Rivlin and Janet Yellen.{{cite web |last1=Egan |first1=Matt |title=Senate confirms Lael Brainard as Federal Reserve vice chair |url=https://www.cnn.com/2022/04/26/business/lael-brainard-fed-confirmation/index.html |website=CNN Business |date=April 26, 2022 |access-date=April 27, 2022}}

=National Economic Council=

In February 2023, Biden selected Brainard as Director of the National Economic Council (NEC), replacing Brian Deese. She is the second woman to serve as NEC Director, following Laura Tyson.{{cite web|url=https://finance.yahoo.com/news/biden-names-feds-brainard-top-white-house-economic-adviser-210033920.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJEV2WzLXfqNTZtAOXWq2svxGUAMVJ_iiOhPG2J-CPdW-dmBgMBLhoVSKCbmypI01jWGr0G8KtayBtZsqDpRaHti4v1QRaYM6Fpt9yd_ZbLzhqHqVAIWDRCtoqK6s__gsH6eBfraDtz38iy4iKhBuUoGylH2SFcFovWi7iZbdhxu|title=Biden names Fed's Brainard top White House economic adviser|date=February 14, 2023 |publisher=Yahoo|accessdate=February 14, 2023}} As NEC director, Brainard also serves at the helm of the White House Competition Council, a position she also succeeded Deese in. Dr. Brainard, along with Jake Sullivan and Steve Ricchetti, acted as an intermediary for Biden administration officials and lawmakers who sought access to the President according to an investigative report by the Wall Street Journal.

Annie Linskey, Rebecca Ballhaus, Emily Glazer, and Siobhan Hughes. (19 December 2024). "How the White House Functioned With a Diminished Biden in Charge". [https://www.wsj.com/politics/biden-white-house-age-function-diminished-3906a839?reflink=desktopwebshare_permalink Wall Street Journal] Retrieved 19 December 2024.

Publications

Brainard is co‑editor of Climate Change and Global Poverty: A Billion Lives in the Balance (2009);{{Cite book|last1=Brainard|first1=Lael|title=Climate Change and Global Poverty: A Billion Lives in the Balance|last2=Jones|first2=Abigail|last3=Purvis|first3=Nigel|publisher=Brookings Institution|year=2009|isbn=9780815702818|location=Washington, DC}} co-editor of Too Poor For Peace? (2007);{{Cite book|url=https://archive.org/details/toopoorforpeaceg0000unse|title=Too Poor for Peace?: Global Poverty, Conflict, and Security in the 21st Century|date=May 3, 2007|publisher=Brookings Institution Press|isbn=9780815713753|editor-last=Brainard|editor-first=Lael|location=Washington, DC|language=en|editor-last2=Chollet|editor-first2=Derek|url-access=registration}} co-editor of Offshoring White Collar Work (2006);{{Cite journal|last1=Brainard|first1=Lael|last2=Collins|first2=Susan M.|date=2005|title=Offshoring White-Collar Work: Editors' Summary|jstor=25058760|journal=Brookings Trade Forum|pages=ix–xxx|doi=10.1353/btf.2006.0007|s2cid=201774379}} editor of Transforming the Development Landscape: the Role of the Private Sector (2006){{Cite journal|last=Werker|first=Eric D.|date=December 1, 2007|title=Review of Transforming the Development Landscape: The Role of the Private Sector, edited by Lael Brainard|url=https://www.hbs.edu/faculty/Pages/item.aspx?num=32032|language=en-us|access-date=April 8, 2018|archive-date=August 11, 2015|archive-url=https://web.archive.org/web/20150811073613/http://www.hbs.edu/faculty/Pages/item.aspx?num=32032|url-status=live}} and Security by Other Means: Foreign Assistance, Global Poverty and American Leadership (2006);{{Cite book|title=Security by Other Means: Foreign Assistance, Global Poverty, and American Leadership|date=January 10, 2007|publisher=Brookings Institution Press|isbn=9780815713616|editor-last=Brainard|editor-first=Lael|location=Washington, DC|language=en}} and co-author of The Other War: Global Poverty and the Millennium Challenge Corporation (2004).{{Cite news|url=https://www.foreignaffairs.com/reviews/capsule-review/2003-11-01/other-war-global-poverty-and-millennium-challenge-account|title=The Other War: Global Poverty and the Millennium Challenge Account|date=January 28, 2009|work=Foreign Affairs|access-date=April 8, 2018|issue=November/December 2003|language=en-US|issn=0015-7120|archive-date=April 10, 2018|archive-url=https://web.archive.org/web/20180410004957/https://www.foreignaffairs.com/reviews/capsule-review/2003-11-01/other-war-global-poverty-and-millennium-challenge-account|url-status=live}}

References

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