Lael Brainard

Former president and 2024 Republican Party nominee Donald Trump commented on Thursday morning’s Consumer Price Index inflation data in an appearance at the Detroit Economic Club. Inflation came in "double" the expectations, Trump said, which is incorrect: the CPI for September came in at 2.4...

Retailers and politicians reacted to the International Longshoremen's Association (ILA) and U.S. Maritime Alliance’s (USMX) tentative deal to end the ongoing port strike. What Happened: East Coast dockworkers went on strike Tuesday following their contract lapse with port employers. The...

The Federal Reserve's preferred measure of inflation, the personal consumption expenditures index, grew less than economists expected in August at 2.2% year-over-year. The data comes on the heels of the Federal Reserve's 0.5% interest rate cut issued Sept. 18, the first in more than four years....

Lael Brainard, the former vice chair of the Federal Reserve and current director of the National Economic Council, spoke at a Detroit Economic Club event Monday and discussed the current economic climate and why inflation has remained sticky. While she acknowledged that inflation has fallen from...

Lael Brainard, the director of the National Economic Council, visited Detroit on Monday to discuss how the Biden administration's policies aim to protect the U.S. auto industry from China's growing influence in electric vehicles, focusing on tariffs and domestic investment in EV battery production....

Cameron and Tyler Winklevoss, co-founders of Gemini, voiced their concerns over Vice President Kamala Harris‘ absence from a recent cryptocurrency roundtable. Despite her purported interest in the industry, Harris’s continued absence from such events has raised questions among key...

National Economic Council (NEC) director Lael Brainard appeared on CNBC Friday morning, touting President Joe Biden‘s economic plan amid budget concerns and new job data. Nonfarm Payroll Data: The Bureau of Labor Statistics reported nonfarm payrolls had increased by 272,000 in May, far above...

White House National Economic Advisor Lael Brainard indicated that the tariffs by President Joe Biden on Chinese imported goods are a response to China’s economic practices. What Happened: During an episode of the Reuters podcast, Brainard mentioned that tariffs were introduced specifically...

Lael Brainard, Director of the National Economic Council, has reportedly warned that if Congress fails to prevent a default on national debt, it would be catastrophic but also expressed confidence about averting the crisis saying the U.S. always pays its bills. "…so the staff is very engaged...

President Joe Biden is reportedly anticipated to name Federal Reserve Vice Chair Lael Brainard to the White House’s top economic policy position as early as Tuesday. Brainard would replace White House National Economic Council Director Brian Deese, who has put forward his resignation,...

This week's U.S. inflation data could set the stage for a third straight 0.75% rate hike from the Federal Reserve.  What To Know: The U.S. Bureau of Labor Statistics is set to release Consumer Price Index (CPI) data from August at 8:30 a.m. ET Tuesday, and the data is...

As investors anxiously await the next FOMC meeting on June 14, they will be expecting another interest rate hike in an attempt to slow down inflation. Fed board members such as Loretta Mester and Lael Brainard are expecting another 50 bps increase in the both the June and July meetings, unless...

When Federal Reserve members talk, investors listen. Some Fed members understandably tend to move the stock market more than others. Federal Reserve Structure: The Federal Reserve consists of the Board of Governors, the Federal Reserve Banks and the Federal Open Market Committee, or FOMC. The Board...

Shares of banks and financial services companies, including JPMorgan Chase & Co (NYSE: JPM), are trading higher Monday following a rise in yields after U.S. President Joe Biden announced he would nominate Fed chair Jermone Powell for a second term. The President named Fed...

Shares of banks and financial services companies, including Bank Of America Corp (NYSE: BAC), are trading higher Monday following a rise in yields after U.S. President Joe Biden announced he would nominate Fed chair Jermone Powell for a second term. The President named Fed Governor...