Fed Member Details


Lael Brainard

Federal Reserve Bank Governor

Policy Stance Neutral
Voting Member Yes
Date Assumed Current Office 01/01/2014
Rate Outlook
One of her few comments on monetary policy hints some degree of satisfaction with the low rates and the performance of the labor market. Policy “has remained accommodative over an extended period, which has supported labor market recovery–with significant improvement in overall unemployment, increases in job openings, and recent declines in underemployment–while inflation has remained below its target," Brainard said in April.
Brainard received a B.A. with university honors from Wesleyan University in 1983. She received an M.S. and a Ph.D. in economics in 1989 from Harvard University, where she was awarded a National Science Foundation Fellowship. She is also the recipient of a White House Fellowship. She worked in management consulting at McKinsey & Company before becoming an Associate Professor of Applied Economics at the Massachusetts Institute of Technology's Sloan School of Management. Later, Brainard served as the Deputy National Economic Adviser and Deputy Assistant to President Clinton. Brainard is on a Fed board committee tasked with monitoring potential threats to financial stability.