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Lael Brainard

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Senate confirms Lael Brainard as Fed vice chair

The U.S. Senate on Tuesday confirmed Lael Brainard to be the Federal Reserve's next vice chair, cementing her position as a key deputy to Chair Jerome Powell. Brainard's promotion, expected for weeks, is unlikely to change the Fed's plan to increase short-term interest rates to try to cool inflation. Outside...
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