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https://www.wsj.com/articles/lael-brainards-white-house-challenge-shielding-fallout-from-high-inflation-rates-bcf571a6

Lael Brainard’s White House Challenge: Shielding Fallout From High Inflation, Rates

Former Fed vice chair faced tensions over how long to support interest-rate increases

Lael Brainard, a Harvard-trained economist, runs the National Economic Council. Drew Angerer/Getty Images

By Nick Timiraos

, Andrew Restuccia

and Annie Linskey

Updated April 28, 2023 3:58 pm ET

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.

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