Treasury's most powerful woman could open the door for Larry Summers at the Fed
Andrew Harrer | Bloomberg
Lael Brainard, under secretary of the Treasury for international affairs, is reportedly being considered for a post on the Fed's board of governors.
The White House is reportedly considering Lael Brainard[5], the top female official at the U.S. Department of the Treasury[6], to fill one of four vacant seats on the Federal Reserve System's[7] board of governors – a move that could ease feminist criticism as President Barack Obama[8] leans toward picking Lawrence Summers[9] to head the Fed.
Summers would be a controversial choice due to his deregulatory zeal during the Clinton administration and comments he made about women in math and sciences while president of Harvard University[10]. His appointment would be seen as passing over the Fed's vice chair, Janet Yellen[11]. According to the Washington Post's Zachary Goldfarb[12], Obama is leaning toward Summers nonetheless.
On Monday, the Post's Ylan Mui reports[13] Obama is considering Brainard, Treasury's undersecretary for international affairs, for a spot on the Fed board. "Brainard’s nomination could help solve a public-relations problem for the White House, which has been assailed over the lack of women in premier posts," Mui writes.
References
- ^ Galen Moore (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ Google+ (plus.google.com)
- ^ Lael Brainard (feeds.bizjournals.com)
- ^ U.S. Department of the Treasury (www.bizjournals.com)
- ^ Federal Reserve System's (www.bizjournals.com)
- ^ Barack Obama (feeds.bizjournals.com)
- ^ Lawrence Summers (feeds.bizjournals.com)
- ^ Harvard University (www.bizjournals.com)
- ^ Janet Yellen (feeds.bizjournals.com)
- ^ According to the Washington Post's Zachary Goldfarb (www.washingtonpost.com)
- ^ the Post's Ylan Mui reports (www.washingtonpost.com)