Federal Reserve governor Lael Brainard has confirmed to Congress that fighting inflation was the organization’s “most important task,” marking a pivot from last year when she didn’t want the central bank to cut down on stimulus plans.
Brainard, 59, was the top contender for the position of Fed Chair, but President Biden renominated Jerome Powell, and gave Brainard a higher position within the organization, which requires additional Senate approval. As part of the Senate confirmation hearing Thursday, she was questioned on inflation, independence of the Federal Reserve, and climate change among other topics.
