Economics
Biden Names Brainard as His Top Economic Adviser, Creating Fed Vacancy
- Fed vice chair to become director of National Economic Council
- Bernstein to lead CEA as other economic aides get new roles
This article is for subscribers only.
President Joe Biden named Federal Reserve Vice Chair Lael Brainard as his top economic aide, plucking away one of the central bank’s more dovish voices and creating a vacancy as it works to quash inflation.
Biden also announced appointments of other economic aides, including elevating Jared Bernstein as chair of the Council of Economic Advisers, on which he already serves. The president also announced expanded or new roles for Bharat Ramamurti, Heather Boushey and Joelle Gamble, remaking his economic team while retaining familiar faces as he prepares for an expected reelection bid.