JUST IN: Biden has selected Lael Brainard, currently the Fed's vice-chair, to replace Brian Deese as the National Economic Council director.
President Biden has selected Lael Brainard, currently the vice-chair of the Federal Reserve, toWhy it matters
: Brainard, who served as undersecretary of the Treasury for international affairs under former President Obama before joining the Fed, will bring a PhD and a deep understanding of the domestic and global economy into White House’s inner circle. Her departure from the Fed will require Biden to find a replacement who can win Senate confirmation, giving Republicans an opportunity to litigate Biden’s response to inflation and his broader economic policies., the newly installed chief of staff, Brainard is expected to play a key role in negotiating with congressional Republicans on how to raise the debt ceiling.
Biden picked Yellen over Brainard for the top Treasury job at the beginning of his term and then in 2021 came close to nominating her to chair the Fed.Brainard’s husband, Kurt Campbell, serves as Biden’s so-called Asia Czar on the National Security Council, a highly influential role where he coordinates policies across the U.S. government, as well as the international date line.
As NEC director, Brainard will carry the title of “Assistant to the President,” one rung higher than her husband, who is a “Deputy Assistant to the President.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Biden picks Lael Brainard, top Fed official, to run economic teamBiden will appoint Lael Brainard, a top official at the Federal Reserve, to lead the White House economic team as director of the National Economic Council, according to two people familiar with the matter.
Les mer »
Biden to name Fed's Lael Brainard to lead National Economic CouncilPresident Joe Biden is set to name Federal Reserve Vice Chair Lael Brainard to serve as his economic-policy coordinator at a difficult time when the U.S....
Les mer »
Biden to name Fed's Lael Brainard as top economic adviser - sourceU.S. President Joe Biden is expected to name Federal Reserve Vice Chair Lael Brainard to the White House's top economic policy position as early as Tuesday, a source familiar with the matter said on Monday.
Les mer »
Lael Brainard’s White House move leaves major hole at the FedLael Brainard, the No. 2 official at the Federal Reserve, is headed for the White House, leaving a void at the central bank just as it enters a new phase of its inflation fight.
Les mer »
Who is Lael Brainard?The Federal Reserve vice chair is known for championing regulation of Wall Street and calling for policies that helped expand the labor market.
Les mer »