President Joe Biden announced the appointment of Vice Chair of the Federal Reserve Lael Brainard as director of the National Economic Council, according to a statement released by the White House on Tuesday.

Brainard was confirmed as vice chair of the Fed in April 2022. She joined the agency as a member of the Board of Governors in June 2014 to fill an unexpired term ending Jan. 31, 2026.

Prior to her appointment, Brainard served as undersecretary of the U.S. Department of Treasury from 2010-13 and counselor to the secretary of the Treasury in 2009.

From 2001-08, she was vice president and the founding director of the Global Economy and Development Program at the Brookings Institution. Brainard also previously served as deputy national economic adviser for President Clinton.

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