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01.03 - 11:47
Biden Reshapes Economic Team Ahead of Debt-Ceiling Fight, Re-Election Campaign
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WASHINGTON–President Biden is remaking his economic team as his administration seeks to tamp down inflation, choosing officials who signal stability and continuity on the policy front ahead of his expected re-election campaign.
Mr. Biden is set to name Federal Reserve Vice Chair Lael Brainard to serve as the director of the National Economic Council, according to people familiar with the matter, turning to a veteran economic policy maker as the administration is preparing for contentious talks with Republicans over raising the federal debt ceiling, and as the U.S. economy has sought to emerge from high inflation, rising interest rates and slowing growth.
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