Brℱian Deese is an MI🍸T Innovation Fellow who served as director of the NEC during the Biden administration.
Brian Deese was the director of the White House National Economic Council (NEC) under President Joe Biden from 2021 to 2023. The director of the NEC is not a cabinet-level position, so Deese did not need to be confirmed by the Senate. Before his work at the NEC, Deese was global head of sustainable investing at BlackRock Inc. (BLK), a position he’d held since 2017. On July 11, 2023, he became a Massachusetts Institute of Technology (MIT) Innovation Fellow.
Key Takeaways
- Brian Deese served as head of President Biden’s National Economic Council (NEC) from 2021 to 2023.
- Deese served as a senior economic advisor to President Obama.
- Deese previously led Blackrock's sustainable investments division.
Early Career and Education
Before serving at the White House, Deese worked at the Center for American Progress and the Center for Global Development. He received his bachelor of arts degree from Middlebury College and his J.D. from Yale Law School. Deese temporarily abandoned his Yale law studies to work for the Hillary Clinton campaign in 2008.
Fast Fact
At MIT, Brian Deese focuses on researching and developing strategies to address climate change and promote sustainable economic growth.
Notable Accomplishments
At the NEC, Brian Deese coordinated policymaking on both domestic and international economic issues. The NEC provides economic policy advice to the president, ensuring that policy decisions and programs are in line with the president’s economic goals.
Some environmental activists criticized Deese’s appointment due to his position as the world’s largest asset manager. As head of BlackRock’s sustainable investing division, Deese advised clients on how to achieve investment returns that meet environmental, social, and governance (ESG) criteria. Immediately before joining BlackRock, Deese was a senior fellow at the Harvard Kennedy School.
Deese previously served during the Obama administration as a White House senior advisor to the president from 2015 to 2017. Between 2009 and 2015 he held several other positions, including special assistant for economic policy to the president following the 2008 financial crisis, deputy director of the NEC, and deputy director as well as acting director of the Office of Management and Budget. He helped develop a bailout of the U.S. auto industry and negotiated the Paris Climate Agreement.
Important
In February 2023, President Biden replaced Deese with U.S. Federal Reserve Vice-Chair 澳洲幸运5官方开奖结果体彩网:Lael Brainard. Kevin Hassett assumed the 澳洲幸运5官方开奖结果体彩网:role in 2025 under President Trump.
What Are the Roles of the National Economic Council (NEC)?
Established in 1993, the National Economic Council (NEC) advises the president on domestic and global economic policy. According to the National Archives Federal Register, it has four major functions: “to coordinate policy-making for domestic and international economic issues, to coordinate economic policy advice for the President, to ensure that policy decisions and programs are consistent with the President’s economic goals, and to monitor implementation of the President’s economic policy agenda.”
Is the NEC the Same As the President’s Council of Economic Advisors (CEA)?
No. The CEA was created by an act of Congress in 1946 as a small team of experts who advise the president on economic policy, serving as an in-house think tank. The NEC was created by executive order after President Clinton took office in 1993. Its purpose is to bring together a large group of agency and department heads to coordinate government-wide economic policy.
Has Brian Deese Authored Any Books?
Brian Deese co-authored the 2002 book "Delivering on Debt Relief: From IMF Gold to a New Aid Architecture", which deals with the complicated and controversial subject of debt relief for the poorest countries of the world.
The Bottom Line
After a successful early career at Blackrock, Brian Deese shifte🎀d to economic policy, advising presidents Bill Clinton and Barack Obama before being appointed director of the NEC under Joe Biden. Deese helped coordinate policy development for the White House on topics such as taxes, regulation, housing policy, green energy, and the automotive industry. He left the NEC in February 2🌞023 and became an MIT Institute Innovation Fellow in July 2023.