Brainard, influential as a Fed governor, to expand role as vice chair

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By Howard Schneider WASHINGTON (Reuters) – Lael Brainard, who has been nominated as vice chair of the Federal Reserve, has been a mainstay in Democratic policy circles since joining the administration of former President Bill Clinton in the 1990s, including stints running a global economics program at the Brookings Institution and as former President Barack Obama’s top Treasury liaison for international affairs. But it is as a Federal Reserve governor the last seven years that she has come into her own as a policymaker, with broad influence over central bank affairs from monetary policy to fin…

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