President-elect Joe Biden is considering Roger Ferguson, a former Federal Reserve vice chair, to be his top White House economic adviser, according to people familiar with the matter.

If selected, Ferguson, now the chief executive of TIAA, would become the first African-American in the role of director of the National Economic Council, a prime position to guide the president on the direction of policy making.

The Biden transition declined to comment on Wednesday night. The people who discussed his consideration for the post did so on condition of anonymity because no decision has been made.

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