Joe Biden’s choices for his economic team reflect the new reality for the president as he prepares to launch his re-election bid: The historic legislative part of his first term is over
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Biden, who consistently gets dismal marks from the public on his handling of the economy, has voiced frustration to his team that they haven’t done enough to convey the administration’s accomplishments, particularly on cable news, which he regularly watches. He’s counting on the new aides to help resolve that issue.
She served as No. 2 to Fed Chair Jerome Powell and is a long-time policy hand who has worked in every significant economic power center across three Democratic presidencies. That role will include significant air time, with Brainard widely viewed as a commanding voice on both U.S. and international economics.
Domestically, she’s expected to be a leader when it comes to executing a deal with Republicans to raise the nation’s debt limit later this year without accepting significant budget cuts that Democrats will revolt against. But inflation — and the Fed’s moves to hike interest rates at the fastest pace in four decades — still threatens to damage that economic record, effectively nullifying Biden’s accomplishments in many voters’ eyes.
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