President Joe Biden is expected to name Federal Reserve Vice Chairwoman Lael Brainard to lead economic policymaking at the White House, according to reports.
Brainard will replace outgoing White House National Economic Council Director Brian Deese, moving to the White House from the independent central bank as it fights to lower inflation. Deese announced his departure earlier this month.
Biden plans to announce Brainard’s move, along with the appointment of longtime economic adviser Jared Bernstein to lead the White House Council of Economic Advisers, on Tuesday, according to Bloomberg.
BIDEN SAYS ‘MORE WORK TO DO’ AMID SHAKY INFLATION REPORT
Bernstein will replace CEA Chairwoman Cecilia Rouse, whom the White House confirmed would return to her academic post.
The White House did not respond to a request for comment.
The appointments come as the White House prepares for an extended fight with Capitol Hill lawmakers over the debt limit and Biden eyes an expected reelection bid in 2024.
Republicans oppose raising the debt ceiling without spending cuts, while the White House is urging a debt ceiling vote before any negotiations over spending.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Polls show Biden has struggled to find a persuasive economic message despite a strong job market, low jobless claims, and Congress passing several key legislative priorities for the White House during the president’s first two years in office.
In a statement on the latest inflation report Tuesday, Biden said there was “more work to do” to bring down inflation.