Lael Brainard has been nominated to become vice president of the Federal Reserve.

President Biden said he would nominate Lael Brainard as vice chair of the Federal Reserve, the No. 2 role at the Fed, and someone who could give him a stronger mandate to influence everything from the cost of money to the future of digital currency. Mrs. Brainard, Became the head of the Fed Since 2014, …

Fed’s Brainard points to future of climate change guidance

Lael Brainard, a Federal Reserve executive, has given the clearest signal yet that America’s central bank will begin to seriously consider the big banks. exposure to climate-related financial risks. Ms Brainard said the Fed is in the process of developing climate-related scenarios for use in the bank’s security checks, often called stress tests. It also …