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Lael Brainard, President Joe Biden's nominee to be Vice Chair of the Federal Reserve, speaks during an event in the South Court Auditorium on the White House complex in Washington on Nov. 22, 2021. Biden plans to name Federal Reserve Vice Chair Lael Brainard as the new director of his National Economic Council. (AP Photo/Susan Walsh, File)

Lael Brainard, President Joe Biden's nominee to be Vice Chair of the Federal Reserve, speaks during an event in the South Court Auditorium on the White House complex in Washington on Nov. 22, 2021. Biden plans to name Federal Reserve Vice Chair Lael Brainard as the new director of his National Economic Council. (AP Photo/Susan Walsh, File)

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