Fed’s Brainard in line for key banking post. What it means for Wall Street

Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021.Al Drago | Bloomberg | Getty ImagesFederal Reserve Governor Lael Brainard’s increased influence ahead likely means substantial changes and challenges for the nation’s banking system.Considered a progressive who favors tighter reins on financial institutions, particularly the Wall Street powerhouses, Brainard…


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