Lael Brainard
| Lael Brainard | |
|---|---|
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|
| Federal Reserve Governor | |
|
Assumed office June 12, 2014 |
|
| President |
Barack Obama Donald Trump |
| Undersecretary of the Treasury for International Affairs | |
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In office April 20, 2010 – November 8, 2013 |
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| President | Barack Obama |
| Preceded by | David McCormick |
| Succeeded by | Nathan Sheets |
| Personal details | |
| Born | 1962 (age 54–55) Hamburg, Germany |
| Political party | Democratic |
| Alma mater |
Wesleyan University Harvard University |
Lael Brainard (born 1962) is a member of the U.S. Federal Reserve's Board of Governors, and served as the United States Under Secretary of the Treasury for International Affairs in the administration of President Barack Obama. She was a senior fellow at the Brookings Institution from 2001 to 2009, and served as the vice president and director of the Global Economy and Development program from June 2006 to March 16, 2009. Brainard was confirmed by the United States Senate to her post on April 20, 2010. She left her post at the U.S. Treasury in November 2013.
Brainard grew up as an American expatriate in Communist Poland and Germany before the fall of the Berlin Wall. She is an alumna of George School, in the class of 1979, a boarding school in Newtown, Bucks County, Pennsylvania. Brainard received masters and doctoral degrees in economics from Harvard University, where she was a National Science Foundation Fellow. She graduated with highest honors from Wesleyan University with a degree from the College of Social Studies. She is the recipient of a White House Fellowship and a Council on Foreign Relations International Affairs Fellowship, a Marshall Scholar elect, and a member of the Wesleyan University Board of Trustees, Council on Foreign Relations, and Aspen Strategy Group.
Brainard served as Associate Professor of Applied Economics at the MIT Sloan School of Management, where her publications made important contributions on the relationship between offshore production, trade, and jobs; the measurement of structural and cyclical unemployment in the U.S. economy; and strategic trade policy. Brainard has also worked at McKinsey & Company advising corporate clients on strategic challenges and on microenterprise in West Africa.
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