NHC commends the Senate for the confirmation of Lael Brainard as Vice Chair of the Federal Reserve Board of Governors. “Governor Brainard is an experienced financial regulator with a deep understanding of how the Fed’s actions impact communities across the country,” said David Dworkin, NHC President and CEO.
“Governor Brainard’s most important task as Vice Chair will be to combat inflation without unduly harming American families still coping with the economic impact of the pandemic. I have every confidence that Governor Brainard and Fed Board Chair Jerome Powell are up to the task of steering the economy to a sustainable equilibrium,” Dworkin said. “I look forward to continuing to work with Governor Brainard on the modernization of the Community Reinvestment Act. She has played an instrumental role moving the rulemaking process forward to finally fulfill the promise of this landmark anti-redlining law.”