Lael Brainard

WASHINGTON—As a top Federal Reserve official, Lael Brainard sounded an alarm four years ago that rolling back rules on midsize banks could sow the seeds of a future crisis.  Last month, after two regional lenders failed, Ms. Brainard found herself on a video call with President Biden explaining how to clean up the very mess she had warned about. WASHINGTON—As a top Federal Reserve official, Lael Brainard sounded an alarm four years ago that rolling back rules on midsize banks could sow…

For more than a decade after the collapse of Lehman Brothers in 2008, Washington’s regulatory watchdogs sought to ensure that they would never again face fraught weekend deliberations about propping up the financial system from a bank failure.  For the nation’s top economic officials—Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen, Federal Deposit Insurance Corp. Chairman Martin Gruenberg…

WASHINGTON—President Biden is considering Fed Vice Chair Lael Brainard as the next head of the National Economic Council, according to administration officials and others familiar with the matter. A final decision hasn’t been made, the officials said, adding that Mr. Biden is in the process of conducting interviews. Several other contenders are under discussion for the key economic policy-making role, the officials said, including…

They could begin deliberating at the Jan. 31-Feb. 1 gathering how much more softening in labor demand, spending and inflation they would need to see before pausing rate rises this spring. In recent public statements and interviews, Fed officials have said slowing the pace of rate increases to a more traditional quarter percentage point would give them more time to assess the impact of their increases so far as they determine where to stop. Officials called attention to how it takes time for the full effect of…

Regulators opened probes following last week's spectacular collapse of crypto exchange FTX and rival exchanges sought to reassure jittery investors of their own stability, weighing on cryptocurrencies. The implosion of FTX, once a darling of the crypto industry with a $32 billion valuation as of January, has spurred investigations by the USJustice Department, the Securities and Exchange Commission and Commodity Futures Trading Commission, a source with knowledge of the investigations said. The SEC probe is also targeting…

A senior Federal Reserve official said recent inflation data offered some signs of reassurance that price pressures were no longer broadening and that the central bank could soon slow the pace of interest-rate rises. Fed Vice Chair Lael Brainard said previous rate increases, together with anticipated ones, will slow the economy in ways that can’t be observed yet, speaking during a moderated discussion hosted by Bloomberg on Monday. A senior Federal Reserve official said recent inflation…

“Move fast and break things,” hasn’t been such a great corporate slogan lately. It might not be a very good slogan for Federal Reserve policy, either. Minutes to the Fed’s September rate-setting meeting, released Wednesday, showed that policy makers remained resolute in their efforts to cool the economy. “Many” of the participants in the meeting said that the costs of doing too little on inflation outweighed the cost of doing too much, according to the minutes, and again “many” stressed…

A senior Federal Reserve official cautioned it would take time for the central bank’s rapid rate rises this year to reduce inflation that has reached 40-year highs. “Monetary policy will be restrictive for some time to ensure that inflation moves back” to the central bank’s 2% target, said Fed Vice Chairwoman Lael Brainard in remarks prepared for delivery Monday. “It will take time for the cumulative effect of tighter monetary policy to work through the economy and to bring inflation down,” she said.…

Fed Vice Chairwoman Lael Brainard said it will take time for policy tightening to take full effect. Photo: Al Drago/Bloomberg News…

Lael Brainard said now is the time to look at cryptocurrency protections. Photo: Ting Shen/Bloomberg News…