Author Topic: Biden’s Top Econ Adviser To Leave White House Amid Inflation, Recession Fears: REPORT  (Read 187 times)

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Biden’s Top Econ Adviser To Leave White House Amid Inflation, Recession Fears: REPORT


John Hugh DeMastri
Contributor
November 17, 2022 5:17 PM ET


President Joe Biden’s top economic advisor, Brian Deese, is anticipated to depart from the administration by next summer after Biden expressed frustration with Deese’s failure to predict the long-term impact of inflation, Bloomberg reported Thursday, citing anonymous sources.

Deese, director of the National Economic Council, is anticipated to leave at around the same time as Cecilia Rouse, the first African-American chair of the Council of Economic Advisers, who is expected to conclude her two-year public service leave from Princeton University in early 2023, according to Bloomberg. With a recession considered almost certain in the near future, if not already ongoing, replacements for the outgoing duo would join the Biden administration at a critical time, simultaneously fending off the newly GOP-controlled House of Representatives and continuing the administration’s efforts to combat inflation.

Despite having been previously rebuked by the president at multiple meetings for underestimating the impacts of inflation, according to Bloomberg, the president and other advisers have reportedly expressed a desire for Deese to stay. Talk of personnel changes were simply rumors, one White House official told Bloomberg, citing the lack of a timeline for Deese to depart.

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https://dailycaller.com/2022/11/17/biden-top-econ-aide-leaving-2023/


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It's taken him a while.
Quote
Biden’s top economic advisor steps down
AFP
February 2, 2023 11:05 am

Brian Deese, the top White House advisor on economic policy who helped craft massive spending bills and steer a path out of the pandemic shutdown, is leaving his job, US President Joe Biden said Thursday.

Recalling the “high unemployment, an economy in crisis, and main streets shuttered across the country” when he took office in January 2021, Biden said Deese had been vital to the US resurgence.

“For the past two years, I have relied on Brian Deese,” Biden said in a statement.

“He has helped steer my economic vision into reality and managed the transition of our historic economic recovery to steady and stable growth.”

Deese played a crucial behind-the-scenes role in the passage of Biden’s signature legislative achievements while his Democratic party held a narrow majority in both houses of Congress.

These include: the American Rescue Plan which helped keep the economy afloat during the Covid-19 pandemic; a giant infrastructure spending bill; the CHIPs and Science Act for subsidizing semiconductor manufacturing and other cutting-edge industries; and the Inflation Reduction Act, which aims to stimulate electric vehicle manufacturing and other green economy sectors. ...
https://insiderpaper.com/bidens-top-economic-advisor-steps-down/

Yeah, this guy's been a real asset.
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