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President elect Joe biden
Joe BidenTrump rages against ’60 minutes’ for interview with Krebs Cornyn Spox: Neera Tanden has ‘no chance’ of being confirmed as Biden’s OMB picks Five things to know about second round of the Georgia Senate LEARN MORE announced Monday its picks for key members of its economic team.
Biden said he would appoint the former Federal Reserve chairman Janet Yellen
Janet Louise Yellen The Hill’s Morning Report – Brought to you by Mastercard – Fears coast to coast over COVID-19 after the holidays have propagated Biden to appoint Neera Tanden, Cecilia Rouse to the Economics Team: WSJ Economic Challenges monuments await Biden’s Secretary of the Treasury PLUS to serve as Secretary of the Treasury and Neera Tanden, chair of the liberal think tank Center for American Progress, as director of the White House Office of Management and Budget (OMB).
If confirmed, Yellen and Tanden would play a crucial role in the new administration’s efforts to undo the economic damage caused by the coronavirus pandemic.
Biden also announced he would appoint Cecilia Rouse, dean of the Princeton School of Public and International Affairs, to chair the White House Council of Economic Advisers (ECA), the president’s internal economic analysis team.
The president-elect will call on campaign adviser and former chief economist Jared Bernstein and Heather Boushey, co-founder of the progressive Washington Center for Equitable Growth, as members of the CEA.
Wally Adeyemo, whom Biden will appoint to serve as Deputy Treasury Secretary, completes the picks announced on Monday.
“As we get to work to control the virus, this is the team that will bring immediate economic relief to the American people during this economic crisis and help us rebuild our economy better than ever,” Biden said in a statement. .
“This team is made up of respected and tested revolutionary officials who will help communities hardest hit by COVID-19 and tackle structural inequalities in our economy.”
Most of the new members of Biden’s economics team fit the mold of his previously announced choices for his administration: Obama administration veterans who survived a Senate confirmation process and are well regarded by politicians. different factions of the party.
Yellen chaired the Fed’s board of directors from 2014 to 2018 after being No. 2 in the central bank from 2011 to 2014. His deep government and academic experience makes him a safer choice to go through a tightly divided Senate that will likely remain under Republican control. .
Rouse was confirmed in 2009 as a member of the Obama White House CEA, Adeyemo served as deputy director of the National Economic Council and deputy national security adviser to President Obama, and Bernstein served as Biden’s chief economist during the first term of the elected president. vice president.
Biden’s team are also said to be revolutionary in their racial and gender diversity.
If confirmed, Yellen would be the first woman to lead the Treasury Department, Adeyemo would be the first assistant secretary to the Black Treasury, Rouse would be the first black president of the CEA, and Tanden would be the first woman of color and South Asian America to lead. OMB.
“They are not only some of the brightest economic minds in the United States, they are also recognized leaders who reflect the best of our country. And they share a fundamental commitment to end this economic crisis and put back the people at work, while rebuilding our economy in a way that uplifts all Americans, ”said vice president-elect Kamala harris
Kamala HarrisBiden Announces White House All-Female Communications Team Biden Appoints Neera Tanden and Cecilia Rouse to Economics Team: WSJ Memo to Biden: Go big – use the moment to not only rebuild but to rebuild differently, the first woman and person of color to be elected vice-president.
Updated at 10:32
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