Lael Brainard

(1962-)

American economist

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Lael Brainard (born 1962) 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 (MIT) 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.