The Fed: Clinton Treasury secretary contender could send key signal about crucial Fed meeting


Fed Governor Lael Brainard worked in the Clinton White House and then held senior post at the Obama Treasury Department before joining the U.S. central bank.

With a parade of hawkish Federal Reserve speeches putting the possibility of an interest-rate hike as early as later this month on the table, one central banker is getting particular attention because she may be in the White House next year.

Over the past few months, Fed Governor Lael Brainard has been touted as a possible Treasury secretary if Democratic presidential candidate Hillary Clinton wins the presidency in November, as polls currently suggest.

“Lael Brainard is on the short-list for top market and economic jobs inside the Clinton administration,” said Chris Krueger, of Cowen and Company’s equity and credit research division.

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