Financial expert Lael Brainard will be Biden's chief economic policy adviser in the White House - what that means for the US economy.

Financial expert Lael Brainard will be Biden's chief economic policy adviser in the White House - what that means for the US economy.

According to a report by amp2.handelsblatt.com, US President Joe Biden has appointed Federal Reserve Vice Chairman Lael Brainard as his new chief economic policy adviser. He also brought his long-time confidant Jared Bernstein into the White House. These personnel decisions have the potential to fundamentally influence U.S. economic policy.

Lael Brainard, who has experience at the National Economic Council and the Treasury Department, will now be tasked with coordinating the White House's economic policy and negotiating with corporate executives. She will also be tasked with exploring compromises with Congress. This decision could impact financial markets as investors could be optimistic about the Biden administration's economic policies based on Brainard's expertise and experience.

Jared Bernstein, the new chairman of the White House Council of Economic Advisers, also brings impressive expertise. His appointment could increase confidence in the government's economic policy decisions and thus have a positive impact on the market.

Overall, these personnel decisions show that the Biden administration is relying heavily on experts with years of experience, which can provide confidence in the country's economic direction. However, it remains to be seen how the new advisors will perform in their positions and what concrete measures they will take to improve the economic situation in the USA.