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Biden Will Name Fed’s Lael Brainard as His Top Economic Adviser

  • Move comes as inflation remains a threat, and 2024 approaches
  • Her White House post would create opening at central bank
Bloomberg business news
WATCH: Biden decided to name Fede’s Brainard as his top economic adviser, according to people familiar with the matter. Rishaad Salamat reports.Source: Bloomberg
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President Joe Biden has decided to name Federal Reserve Vice Chair Lael Brainard as his top economic adviser, with an announcement coming as soon as Tuesday, people familiar with the matter said.

In addition, according to the people, Jared Bernstein, a member of the Council of Economic Advisers, is considered likely to be named its chair, replacing Cecilia Rouse, who is stepping down.