How an Obama Fed appointee is scuttling Wall Street's bid to ease rules
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WASHINGTON (Reuters) - As a U.S. Federal Reserve governor, Lael Brainard gets only one vote on proposals that come before the central bank's board. Over the past year, she has used it to combat the Trump administration's efforts to ease rules for Wall Street.Brainard has broken ranks six times with other governors, voting against measures that she says would unnecessarily weaken regulations put in place after the 2007-2009 financial crisis. She told Yahoo Finance last week that she was concerned..