The Biden administration has nominated a team of "liberal and centrist economic advisers" who will help him steer America's recovery. Here are the administration's top picks.
The Biden administration has nominated former Federal Reserve Chairwoman Janet Yellen for Treasury secretary If confirmed by the Senate, Yellen would be the first woman to hold the job. Yellen is a well-respected economist who was also the first woman to lead the Federal Reserve from 2014 to 2018. In her new role, she would play a leading role in shaping economic policy as the U.S. recovers from the economic turbulence caused by the coronavirus pandemic.
Yellen’s top deputy at the Treasury Department will be Adewale "Wally" Adeyemo, a veteran of the Obama administration and an expert on macro-economic policy and consumer protection with national security experience.
Director of the Office of Management and Budget
For director of the Office of Management and Budget, Biden has chosen Neera Tanden, head of the liberal think tank Center for American Progress. The OMB office, the largest of the Executive Branch, helps the president develop and administer the federal budget. Tanden — whose career has focused on supporting working families, fostering broad-based economic growth, and curbing inequality — would be a key adviser on fiscal policy. If confirmed, Tanden would be the first woman of color and first South Asian American to lead the OMB.
Chair of the Council of Economic Advisers
Biden has chosen Cecilia Rouse, a Princeton University labor economist, to chair the Council of Economic Advisers (a role Yellen occupied during Clinton's administration). Rouse has previously been confirmed by the Senate as a member of the CEA in 2009. If confirmed as chair, she will become the first African American to lead the CEA.
Rouse will be joined by two campaign economic advisers, Jared Bernstein and Heather Boushey, on the CEA. Bernstein previously served as the chief economist to Biden in the first years of the Obama administration, while Boushey is an economist focused on economic inequality and the CEO of the Washington Center for Equitable Growth.