Then: Member of the Board of Governors of the US Federal Reserve

Now: Vice-Chair of the US Federal Reserve

Lael Brainard had recently taken office as a member of the Board of Governors of the Federal Reserve System when she came to Salzburg. Prior to her appointment, Brainard served as undersecretary of the US Department of Treasury and counselor to the Secretary of the Treasury and was awarded the Alexander Hamilton Award for her work addressing financial stability in the Euro crisis and working through the strategic and economic dialogue with China on rebalancing and reform. It was only fitting that she attends Salzburg Global's session on The Future of Financial Intermediation: Banking, Securities Markets, or Something New? Brainard specifically participated in the Policy Makers' Panel on Financial Intermediation: Complexities and Risks. Recently, Lael Brainard was nominated by President Joe Biden to serve as Vice-Chair of the Federal Reserve.