Biden is reconfiguring his economic team, with new appointments for two top White House jobs as he enters the second half of his term.
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The move puts a seasoned economist at the president's right hand as he faces a debt-ceiling showdown with House Republicans and a potential recession. It also opens up a crucial job at the Fed, giving Biden the opportunity to app0int a new No. 2 official at the central bank at a delicate time. Brainard has a particularly broad role there in both management and policy-setting.Bernstein is currently a member of the Council of Economic Advisers; he is to replace Cecilia Rouse, who is returning to her professorship at Princeton.
"Jared is a brilliant thinker and one of my closest and longest-serving economic advisers," the statement added. "A former social worker, Jared was in the foxhole with me while I was Vice President, and he understands that a job is about far more than a paycheck, it’s about the dignity of work."the White House announced that Joelle Gamble, the chief economist at the Labor Department, will become a deputy director of the National Economic Council.
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