Brainard Must Help Contain SVB Crisis She Warned Was Coming
- Biden’s top economic aide often dissented on easing bank rules
- Brainard to have key role in Biden push to restore regulations
This article is for subscribers only.
Lael Brainard, as a US Federal Reserve governor, repeatedly warned that efforts to deregulate banks were a recipe for disaster.
Her counsel went unheeded by Donald Trump’s White House and Congress, whose drumbeat for deregulation led to a 2018 banking reform bill that eased strict rules for mid-sized banks.