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Washington Watch: Fed’s Brainard considered for the White House National Economic Council. What does the NEC director do?  

Lael Brainard, the vice chair of the Federal Reserve, has emerged as a contender to head the White House National Economic Council, reports said Wednesday.

A Washington Post report said that President Joe Biden is close to naming the next director of the NEC — the top economic position in the White House — and that Brainard is a top name. The Post cited three people familiar with the deliberations. The Wall Street Journal similarly reported that Biden is considering Brainard, and both outlets said no final decision has been…

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