The Latest Breaking News from Lael Brainard

Biden says the economy is booming. Some voters looking ahead to 2024 don't buy it

Cindy Leonard took a break from the summer heat earlier this month to cool off on the water steps on Pittsburgh’s North Shore. The price was right, she said — free. “With the price of groceries going up, gas, electrical bills, you have to watch what you buy,” she said.

Tribune News Service · Jul 14, 2023

Why inflation is losing its punch — and why things could get even better

Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.

WEKU · Jul 12, 2023

Brainard sees potential for near-2% US inflation by November 2024

President Joe Biden’s chief economic adviser said that inflation numbers should improve through the second half of the year and that there’s a reasonable chance the pace could get down around 2% by the time of the November 2024 election.

Tribune News Service · Jun 29, 2023

President Biden 'optimistic' on US debt talks with Republicans

President Joe Biden and congressional leaders will likely resume talks on Tuesday at the White House over the debt limit, the president said Sunday, as the nation continues to edge closer to its legal borrowing authority with no agreement in sight.

France 24 · May 14, 2023

Biden, congressional leaders likely to meet Tuesday for talks on raising the debt limit

President Joe Biden says he and congressional leaders will likely resume talks on Tuesday at the White House over the debt limit as the nation continues to edge closer to its legal borrowing authority with no agreement in sight

The Independent UK · May 14, 2023

Michael Hiltzik: How Trump's frenzy of deregulation killed Silicon Valley Bank

Late in 2018, two Trump-appointed banking regulators, Federal Reserve Vice Chair Randal Quarles and FDIC Chair Jelena McWilliams, went on a nationwide tour to meet with regional bank examiners.

Los Angeles Times · Mar 31, 2023

Rouse to depart as one of Biden’s top economic aides on March 31

WASHINGTON — Cecilia Rouse, one of President Joe Biden’s senior economic advisers, will leave the administration on Friday, marking the latest personnel shift in the White House.

Tribune News Service · Mar 26, 2023

Biden sidesteps banking turmoil as he calls on Congress to act

As the global banking crisis stretches into its third week, President Joe Biden has turned to a familiar playbook — lay low and point the finger at Congress.

Tribune News Service · Mar 23, 2023

Top GOPer: No need for tougher bank rule

Critics say Mike Crapo's law exempting SVB and others from stricter requirements led to collapse

Salon · Mar 16, 2023

Lawmakers from both parties skeptical of legislation over SVB - Roll Call

President Biden's call for a legislative response to the SVB collapse is meeting skepticism from members of both parties on Capitol Hill.

Roll Call · Mar 15, 2023