page_title: Lael Brainard
section_title: Federal Reserve Board
hierarchical_section_title: Lael Brainard / Professional career / Federal Reserve Board
caption_attribution_description: Governor Brainard gives a speech on Assessing Financial Stability over the Cycle at the Peterson Institute for International Economics in Washington, D.C. Read more: &lt;a href="https://www.federalreserve.gov/newsevents/speech/brainard20181207a.htm" rel="noreferrer nofollow"&gt;www.federalreserve.gov/newsevents/speech/brainard20181207...&lt;/a&gt;
context_page_description: Lael Brainard is an American economist and member of the U.S. Federal Reserve's Board of Governors, where she serves as Administrative Governor and Chair of the Committees on Financial Stability, Federal Reserve Bank Affairs, Consumer and Community Affairs, and Payments, Clearing and Settlements. She previously served as the United States Under Secretary of the Treasury for International Affairs and as Counselor to the Secretary of the Treasury from 2009 to 2013 where she received the Alexander Hamilton Award for her service. She was a senior fellow at the Brookings Institution from 2001 to 2009 and Vice President and Director of the Global Economy and Development Program from 2006 to 2009. She served as Deputy National Economic Adviser and Deputy Assistant to the President from 1998 to 2000. She previously was a member of the faculty at the Massachusetts Institute of Technology Sloan School of Management and worked at McKinsey and Company. She was awarded the Harvard GSAS Centennial Medal and the New York Association of Business Economics William F. Butler Award in 2019.
context_section_description: Brainard has been serving as a member of the Board of Governors of the Federal Reserve System since 2014. Brainard serves as Chair of the Committee on Financial Stability, the Committee on Federal Reserve Bank Affairs, the Committee on Consumer and Community Affairs, the Committee on Payments, Clearing and Settlements, and the Subcommittee on Smaller Regional and Community Banking Organizations.
  Brainard was nominated to the Federal Reserve Board of Governors in January 2014. She was confirmed by the Senate by a vote of 61-31 on June 12, 2014, and began her term on June 16, 2014.
caption: Brainard speaks in 2018
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