President-Elect Biden Announces Key Members Of Economic Team

President-Elect Biden Announces Key Members Of Economic Team

The president-elect also selected Wally Adeyemo to be Yellen's deputy, which would make him the first Black deputy treasury secretary.

Testifying in July before the Senate's Joint Economic Committee, Boushey called for issuing more direct payments, renewing the $600 supplement to weekly unemployment benefits, and suggested the enhanced jobless benefits be set up to continue automatically until the economy improves.

"A team that's tested and experienced, it includes groundbreaking Americans who come from different backgrounds but who share my core vision for economic relief here in the United States of America", Biden said. Yellen would be the first woman to lead the Treasury Department and Adeyemo the first Black deputy secretary.

Rouse, an African-American, would be the first woman of colour to chair the council, which will play a key role in advising the president on the economy.

President-elect Joe Biden has named inequality and labor market specialists as leaders in his economics team, who on Tuesday promised to prioritize policies aimed at women and minority workers especially devastated by the pandemic.

Republican Sen. Chuck Grassley of Iowa struck a much more conciliatory tone on Capitol Hill Monday when asked about Yellen as treasury secretary. In the late 1990s, she was President Bill Clinton's top economic adviser during the Asian financial crisis.

But sources familiar with internal discussions stressed that getting a grip on the surging coronavirus crisis is far and away Biden's top concern.

If confirmed by the Senate, Yellen would be the first woman to serve as US treasury secretary in the department's 231 years of history.

Biden has said he expects Harris to serve in a similar capacity as he did to President Obama, as a key voice in major policy decisions.

Flournoy keeps a low profile and is rarely photographed, but she is a powerful force behind the scenes of Democratic politics and is now serving as former President Bill Clinton's chief of staff. Flournoy graduated from Georgetown University in 1978, and also studied at Oxford University.

"There's a saying that 'personnel is policy, ' which is why Biden's nomination of Tanden is deeply concerning". Tanden's nomination, however, has encountered early disapproval from some Senate Republicans, who will vote on her nomination. John Cornyn of Texas tweeted that Tanden "stands zero chance of being confirmed". Republicans have won 50 seats to Democrats' 48, with two races and control of the Senate still to be determined by a pair of runoff elections in Georgia on Jan 5.

Jared Bernstein, who previously served as Chief Economist to President elect Biden in the first years of the Obama-Biden Administration, will serve as a member of the Council of Economic Advisers.

Rouse has served as the dean of the Princeton School of Public and International Affairs, as well as a professor of economics and public affairs at Princeton University.

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