Brainard Slips as Treasury Contender With Biden Nearing Pick
- Federal Reserve governor had little contact with transition
- President-elect may still make history with Yellen appointment
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Fed Governor Lael Brainard has slipped from among top contenders for Treasury secretary under Joe Biden, according to people familiar with the matter, as the president-elect’s team winnows its choices for key positions.
Brainard, a favorite for the post before the election, has had no contact with Biden’s transition team since he won, according to people familiar with the matter. They asked not to be identified because Biden hasn’t announced a nominee.