Fed Governor Brainard Discusses Why Opportunity and Inclusion Matter to U.S. Economy

I want to thank Neel Kashkari for launching the Opportunity and Inclusive Growth Institute and for inviting me to join the deliberations of this distinguished group today [May 22]. This new Institute is another great example of how individual Reserve Banks are taking the initiative in illuminating key dimensions of our work and shaping the agenda of the Federal Reserve System.1

While it has long been understood that opportunity is central to the strength of America’s social fabric, it is now increasingly clear that opportunity and inclusion are central to the strength of America’s economy. I will touch on … Read more

Fed Governor Brainard Discusses Where Banks Fit in the Fintech Stack

We can learn a lot from the evolution of smartphones as we try to envisage where the fintech ecosystem–and banks’ role within it–might be heading in the future. Smartphones have ushered in an age when different companies can easily work with each other’s products to seamlessly provide services to consumers. Today I want to reflect on what we might learn from that model about the increasingly interconnected world of financial services.

On the 10th anniversary of the iPhone, a Wired.com article revealed that even Steve Jobs hadn’t predicted the smartphone’s potential as a platform.1 Apple was just trying to … Read more