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Federal Reserve governor Lael Brainard, the White House nominee to serve as the central bank’s No. 2 official, told Congress that efforts to reduce inflation are the central bank’s “most important task.”
Ms. Brainard, who joined the Fed in 2014, was a forceful advocate last year for ensuring that the central bank didn’t prematurely curtail stimulus as part of a focus on spurring a robust labor-market recovery.