United States: what are the names that sound to join the economic team of Biden

The two main challenges you will face Joe biden when he actually takes the reins of the United States coronavirus and economy. As the President-elect announced today the Expert Group –Vivek Murphy, David Kessler and Marcella Nunez-Smith– who will help you in pandemic management, the cheap equipment remains unknown, although it is assumed that the governor of Federal Reserve, Lael Brainard, could keep it Treasury Department.

Among other things, Biden you will need to find someone who can negotiate with you North American Congress (where everything points to the rThe Republicans could keep the Senate, while the Democrats would stay in the House of Representatives) a new stimulus plan to revive the economy, aincrease taxes and cancel certain reductions implemented during Trump administration and improve relations with some key U.S. trading partners.

For the moment, Brainard is a clear favorite to succeed Steve mnuchin. Educated in Harvard, Brainard was Under-Secretary of the Treasury for International Affairs during the Obama administration, and in recent months he has had a favorable position regarding the increase tax assistance as a strategy to get out of the crisis. However, the more radical wing of Democrats – key to Biden’s triumph – may want to win a more progressive person in the portfolio, although it is unlikely that a candidate of this profile will reach support for the Senateespecially if the Republicans retain their majority.

Brainard, member of the Fed Board of Directors since 2014 he has maintained a close relationship with his owner, Jerome Powell, and supported the entity’s decisions concerning Monetary Policy, although he has shown his dissent on other issues such as relaxation of banking regulations.

Last October, the economist said in a speech that the biggest downside risk to his outlook would be failure of additional budget support materialize, “which she says risks a long-term scar to the growth potential of the economy. In recent times, she has also highlighted some more progressive policies, such as the need for more loans in low and moderate income markets.

It is said that the team of Biden gropes too Jeff Zients, who was director of National Economic Council under the chairmanship of Barack obama. He received high praise for his work backing up healthcare.gov, Obamacare’s web platform, after a disastrous initial deployment, and was later dubbed “Mr. Fix-it ”(Mr. Fix-it) in the administration.

Also on the list are Sylvia Mathews Burwell, who was Secretary of Health and Social Services during the tenure of Obama, as good as Sarah Bloom Raskin, former governor of Federal Reserve and a treasury official.

the former Fed official Roger Ferguson, and the Atlanta Fed President Raphael Bostic, these are also possibilities. But Bostic is also seen as the future successor of Powell, whose term ends in 2022. Ferguson has been widely praised for his role as coordinator of the response to the Federal Reserve to the September 11 terrorist attacks, when the central bank injected billions of dollars into the economy.

It is said that the senator for Massachusetts and a candidate for the Democratic primary, Elizabeth warren, also wishes to retain the post of Secretary of the Treasury, but it would be difficult to confirm whether the Republicans Senate and also arouses a lot of mistrust in Wall Street and the business community.