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FILE - Lael Brainard, President Joe Biden's nominee to be Vice Chair of the Federal Reserve, speaks during an event in the South Court Auditorium on the White House complex in Washington on Nov. 22, 2021. The Senate Banking Committee approved Brainard's nomination to serve as the Fed's vice chair on Wednesday, March 16, 2022. (AP Photo/Susan Walsh, File)

FILE - Lael Brainard, President Joe Biden's nominee to be Vice Chair of the Federal Reserve, speaks during an event in the South Court Auditorium on the White House complex in Washington on Nov. 22, 2021. The Senate Banking Committee approved Brainard's nomination to serve as the Fed's vice chair on Wednesday, March 16, 2022. (AP Photo/Susan Walsh, File)

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