At a hearing before the Senate Banking Committee on her
nomination to become Vice Chair of the Federal Reserve Board
("FRB"), Governor Lael Brainard argued that monetary policies must be
"focused on getting inflation back down to 2 percent while
sustaining a recovery."
Governor Brainard addressed rising rates of inflation, stating
that lowering the rate is the most important task for the FRB
moving forward. Governor Brainard also highlighted the
economy's strong rebound in terms of growth and unemployment,
noting that this has been the strongest economic recovery in 50
years.
Governor Brainard referenced her prior experience dealing with
economic distress, including on (i) stabilizing financial markets
during the pandemic, (ii) supporting a recovery post-Global
Financial Crisis, and (iii) protecting the economy against
contagion effects from economic crises abroad. She reiterated her
commitment to the FRB's goals of price stability, maximum
employment and
