2023-01-25 15:05:16

Fed's Lael Brainard among leading contenders for top White House economic post

By Jeff Cox

Key Points

  • Federal Reserve Vice Chair Lael Brainard is considered a leading candidate to succeed National Economic Council Director Brian Deece when he leaves, the Washington Post reported.
  • Brainard could garner support from progressives who are in favor of strong bank regulation and easier monetary policy.
  • If chosen, Brainard would take over with the U.S. economy seemingly on the brink of recession.

Lael Brainard, vice chair of the US Federal Reserve, listens to a question during an interview in Washington, DC, US, on Monday, Nov. 14, 2022.

Andrew Harrer | Bloomberg | Getty Images

Federal Reserve Vice Chair Lael Brainard is a top candidate to take the most important economic position in the White House.

The central bank official is considered one of the strongest contenders, among a host of others, to succeed Brian Deece as director of the National Economic Council, according to sources familiar with the matter. The Washington Post first reported the story, citing three sources with knowledge of the process.

Continue read on cnbc.com

Logo Bloomberg
PoliticsBy Jennifer Jacobs2023-01-25 11:07:22
Federal Reserve Vice Chair Lael Brainard is a top contender to become the head of the White House’s National Economic Council, according to people familiar...

Logo American Banker
Business / FinanceBy Kyle Campbell2023-01-19 20:59:35
Federal Reserve Vice Chair Lael Brainard sees economic conditions moving in the right direction and sees room for a so-called 'soft landing' for the economy...

Logo The New York Times
Business / FinanceBy Jeanna Smialek2023-01-19 19:19:57
Lael Brainard, the vice chair of the Federal Reserve, emphasized that non-wage causes have driven inflation in a sweeping speech. The Federal Reserves...

Business / FinanceBy Jeff Cox2023-01-19 18:15:07
Key Points Brainard insisted that the Fed won't waiver in its commitment to taming prices that have come down some in recent months, but remain near...

Logo American Banker
Business / FinanceBy Ken Mc Carthy2023-01-24 20:56:58
Los Angeles Police Federal Credit Union hired John Roemer as its new president and CEO, effective Jan. 23. Roemer replaces Ed Hada, who is retiring after...

Logo PR Newswire
Law Enforcement Credit Union anticipates continued success with highly experienced executive VAN NUYS, Calif., Jan. 25, 2023 /PRNewswire/ -- Los Angeles...

Logo The Business Journals
Business / Finance2023-01-24 20:45:36
Esther George reflects on key moments of her time at the helm of the Federal Reserve Bank of Kansas City. From a big move to more than doubling employment to...

Logo EIN Presswire
Matt Worden, VP Sales (Americas) Dushyant Gupta, EVP Borderless Access We aim to use Matthews proven track record for taking our award-winning research and...

Logo GlobeNewswire
ATLANTA, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the election for chair and vice...

Logo PR Newswire
WASHINGTON, Jan. 24, 2023 /PRNewswire/ -- United States Senate Federal Credit Union President and CEO, Timothy L. Anderson recently sat down with Oregon...

Logo PR Newswire
HealthPress Release2023-01-25 12:00:00
Kelly Henderson named chief operating officer and Kevin Bretcher named chief revenue officer INDIANAPOLIS, Jan. 25, 2023 /PRNewswire/ -- CertaSite, a...

EconomyBy Emma Kinery2023-01-24 17:24:04
Former Vice President Mike Pence speaks during an event to promote his new book at the conservative Heritage Foundation think tank on October 19, 2022 in...

Logo PR Newswire
TORONTO, Jan. 25, 2023 /CNW/ - American Express announces the appointment of Brett Mooney as President & CEO of Amex Bank of Canada and Amex Canada Inc.

Logo American Banker
Business / FinanceBy Jim Dobbs2023-01-24 17:53:55
Bankers and economists worry that festering inflation and rapidly rising interest rates will combine to stall the economy. But new surveys and commentary...

Logo U.S. News & World Report
PoliticsBy Associated Press2023-01-19 18:21:38
WASHINGTON (AP) Federal Reserve Vice Chair Lael Brainard noted Thursday that recent reports show high inflation in the United States is cooling and suggested...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 19:23:00
Ledyard Financial Group (Ticker symbol LFGP) is pleased to announce that Josephine Moran has been appointed to the Board of Directors of Ledyard Financial...

Logo Bloomberg
PoliticsBy Billy House2023-01-24 18:02:07
Financial Services Committee Chairman Patrick McHenry on Tuesday privately warned fellow House Republican leaders to be reasonable and realistic as they...

Logo PR Newswire
Peter Sefzik, Senior Executive Vice President, Chief Banking Officer; Megan Crespi, Senior Executive Vice President, Chief Operating Officer; and Megan...

Logo PR Newswire
EnvironmentPress Release2023-01-25 14:00:00
New national energy and sustainability initiative to provide effective solutions for energy cost savings and greenhouse gas reduction HUNT VALLEY, Md., Jan....

Logo CBC
PoliticsBy John Paul Tasker2023-01-24 19:47:14
On the second day of the federal cabinet retreat, Prime Minister Justin Trudeau and his ministers heard from a trio of economists who came bearing grim news...