WASHINGTON, D.C. — The U.S. Senate today voted to promote Federal Reserve governor Lael Brainard to be vice chair of the central bank’s Board of Governors. Brainard was nominated to the position by President Biden in November 2021. She has served as a Federal Reserve governor since June 2014.
In response to today’s vote, David Arkush, managing director of Public Citizen’s Climate Program, issued the following statement:
“The confirmation of Lael Brainard as Vice Chair of the Federal Reserve affirms the central bank’s role in building an economy that works for everyone and is resilient to looming threats, including financial threats related to climate change. Brainard has shown significant leadership on both monetary policy and financial regulation.
“As a public-minded leader who opposed much of the misguided deregulation and delay in recent years at the Federal Reserve, we hope Brainard will push for the reforms needed to stabilize the financial sector and make it a more productive part of the economy.”