President Joe Biden plans on Tuesday to name Federal Reserve Vice Chair Lael Brainard as the new director of his National Economic Council, making the Ph.D. economist a key point person for coordinating policy, talking with business leaders and negotiating with Congress.
Biden also plans to nominate longtime adviser Jared Bernstein to be chair of the White House Council of Economic Advisers, according to a government official familiar with the plans, who spoke on condition of anonymity because there has been no public announcement.
