Biden Poised to Name Fed's Brainard as Top Economic Adviser

The transcript discusses the appointment of Leo Brainard as the top economic advisor, a move that was partly anticipated. It also covers the potential appointment of Jared Bernstein as the chair of the Council of Economic Advisers. Additionally, it mentions the replacement of the NEC director, Brian Peace, indicating a period of transition in economic leadership.

What is the significance of the predecessor stepping down?

What does the text imply about the economic advisory team?