The Wall Street Journal, November 26, 2021, Brainard’s Nomination Promotes a Close Powell Ally on Recent Fed Innovations
President Biden’s decision to nominate Lael Brainard to become Federal Reserve vice chairwoman elevates a veteran policy maker and economist who has been a strong ally of Chairman Jerome Powell on the central bank’s boldest policy decisions during the pandemic.
Ms. Brainard “almost single-handedly saved the Community Reinvestment Act and managed to get four Republican governors to vote for her outline,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition.
