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Here's what you need to know about Lael Brainard, Biden's pick for vice chair at the Fed
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cnbc.comLael Brainard is often the outlier.
In her role as one of seven Federal Reserve governors, she's made a habit of objecting to otherwise-unanimous motions to roll back financial regulations. Until her first objection in 2018, no governor had dissented since 2011.
Barring her handful of dissents each year, there have been just three others from her colleagues in recent years.
One of Brainard's more-recent dissents came in June 2020, when the Fed considered changes to the Volcker Rule, a landmark provision of the financial-crisis Dodd-Frank law that limits banks' dealing with private-equity firms and hedge funds.
Brainard cast the sole vote against altering the rule. The proposals, she warned, could weaken core protections and allow banks to
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