US Senate confirms Lael Brainard as Fed vice-chair
Key senator absences create roadblock for Lisa Cook’s nomination
The US Senate voted 52 to 43 to approve Lael Brainard as vice-chair of the Federal Reserve on April 26.
Brainard is known for being tougher than her fellow committee members on bank regulation. She previously opposed a series of softening measures made to rules imposed in the wake of the financial crisis in 2008.
She has also expressed discomfort with the rise in stablecoins’ use for payment purposes. Like many committee members, she has expressed confidence that inflation will abate and
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