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The Independent UK

National

Via AP news wire

Brainard wins Senate confirmation to be Fed's vice chair

Lael Brainard Inflation Jerome Powell US Federal Reserve Joe Biden

ASSOCIATED PRESS

The Senate on Tuesday confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed's No. 2 post in the midst of the central bank's toughest fight against inflation in four decades.

Her confirmation came in a 52-43 vote in the Senate. President Joe Biden had nominated Brainard in November.

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