Economics
U.S. Treasury’s Brainard to Step Down Nov. 8, Official Says
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Lael Brainard, the U.S. Treasury Department’s top international official, is stepping down on Nov. 8, according to a Treasury aide who requested anonymity to discuss personnel matters.
Brainard is likely to be nominated to the Federal Reserve Board along with the renomination of Fed Governor Jerome Powell, according to a person familiar with the decision who requested anonymity. President Barack Obama has three governor vacancies to fill on the Fed board.