President Joe Biden’s senior economic advisor, Brian Deese, is now expected to leave the government by next summer, according to a new report by Bloomberg.
Biden had allegedly voiced irritation with Deese’s failure to foresee the long-term consequences of inflation, an issue which has since plagued his administration.
According to the report, Deese, the director of the National Economic Council, is expected to leave around the same time as Cecilia Rouse, the first African-American chair of the Council of Economic Advisers, is expected to finish her two-year public service leave from Princeton University in early 2023. Meaning that both will likely be departing the administration around the same time.
Rouse took a leave of absence from Princeton to serve as chair of Biden’s Council of Economic Advisers, and she now apparently intends to return to her old position.
The official spoke on the condition of anonymity because he was not allowed to publicly discuss personnel changes.
The impending resignation is the first to be announced since the midterm elections, as Biden’s tenure nears its halfway point, which is often a moment of change for any presidential administration.
On Friday afternoon, Deese is expected to meet with Biden and business and labor groups at the White House.
It’s the Democratic president’s first public appearance since his journey to Egypt, Cambodia, and Indonesia.
In order to replace Deese, the Biden administration is allegedly contemplating appointing either Deputy Treasury Secretary Wally Adeyemo and White House pandemic relief coordinator Gene Sperling to fill the role.
The moves come as sentiment surrounding the economy has soured and expectations of a major recession have increased.
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