As the United States' economy continues to suffer from slow growth and inflation, President Joe Biden announced Thursday that his National Economic Council director Brian Deese is stepping down.
Biden praised Deese for helping him "steer my economic vision into reality," even as the country has come to the brink of recession. Biden touted Deese's "critical" role in key legislation, including the American Rescue Plan, the CHIPS Act—a $280 billion technology investment that House Republicans say benefits China—and the so-called Inflation Reduction Act, which even Biden's allies knew would not reduce inflation.
Deese, in a tweet Thursday, thanked the president "for putting your trust in me; for leading us with resolve and integrity; and for your unwavering vision that we can and will build an economy that works for all Americans."
The president gave no details on when Deese will depart or who will replace him.