CNN
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President Joe Biden will name Federal Reserve Vice Chair Lael Brainard as his top economic adviser, according to two sources familiar with the matter, with an announcement expected as soon as Tuesday.
The White House had been considering a number of senior officials in the federal government to replace National Economic Council Director Brian Deese, including Brainard and deputy Treasury Secretary Wally Adeyemo, a person familiar with the matter told CNN last month.
Brainard, a former Treasury official in the Obama administration and a Fed governor since 2014, was seen as a leading contender, two people familiar with the matter previously told CNN.
She was also viewed as a leading contender to become Fed chair before Biden ultimately decided to renominate Jerome Powell. Brainard was instead elevated to vice chair, the central bank’s No. 2 official.
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