Federal Reserve Governor Lael Brainard spoke with key members of President Joe Biden's transition team for financial oversight in January before the new administration took office and with Senator Elizabeth Warren later that month, according to her meeting calendar.
The one-hour call with Gary Gensler, now head of the U.S. Securities and Exchange Commission, and other members of the "Biden-Harris Federal Reserve transition team" occurred on Jan. 8, the meeting logs showed.
Brainard appears to be under consideration for a promotion at the Fed to vice chair for supervision, Bloomberg reported this week. That role, a top regulatory position at the Fed tasked with overseeing the country's largest lenders, is scheduled to open up later this fall. It is currently held by Governor Randal Quarles.
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