President Barack Obama has appointed Diana Farrell ’87 as deputy director of the National Economic Council. She most recently served as director of the McKinsey Global Institute (MGI), McKinsey & Company’s economics research arm. In announcing the appointment, President Obama said Farrell “will work day and night with me to advance an American Recovery and Reinvestment plan that not only aims to jumpstart economic growth, but also promotes the long-term investments in our economy necessary to save and create jobs, rebuild our infrastructure, and assure energy independence.” Farrell’s work has appeared in academic journals, books, and on the op–ed pages…