Member, Board of Governors, Federal Reserve
Lael Brainard, Ph.D., was selected to serve on the Board of Governors of the Federal Reserve System on June 16, 2014, to fill an unexpired term ending Jan. 31, 2026.
Prior to her appointment to the board, Brainard served as undersecretary of the U.S. Department of Treasury from 2010-2013 and counselor to the secretary of the Treasury in 2009. During this time, she was the U.S. representative to the G-20 Finance Deputies and G-7 Deputies and was a member of the Financial Stability Board. She received the Alexander Hamilton Award for her service.
From 2001-2008, Brainard served as vice president and founding director of the Global Economy and Development Program and held the Bernard L. Schwartz Chair at the Brookings Institution, where she built a research program to address global economic challenges.
Brainard served as the deputy national economic adviser and deputy assistant to President Clinton. She also served as President Clinton's personal representative to the G-7/G-8.
From 1990-1996, Brainard was assistant and asociate professor of applied economics at the Massachusetts Institute of Technology's Sloan School of Management. She has published numerous articles on a variety of economic topics and is the editor or coeditor of several books.
Previously, Brainard worked in management consulting at McKinsey & Company.
She received a Bachelor of Arts with honors from Wesleyan University in 1983 and a Master of Science and doctorate in economics in 1989 from Harvard University, where she was awarded a National Science Foundation Fellowship. Brainard also was chosen for a White House fellowship.