President-elect Joe Biden is expected in the coming days to name several of his most senior economic advisers, a group that includes several liberal economists and policy specialists who established their credentials during the previous two Democratic administrations.
Biden, who has placed a premium on diversity in his selection of Cabinet nominees and key advisers, is looking to notch at least a few firsts with his economic team selections.
The Biden campaign has not yet announced the picks, but these are some of the individuals he's expected to select to high-profile positions on his economic team, according to people familiar with the transition process who were granted anonymity to speak freely about the president-elect’s deliberations:
JANET YELLEN, Treasury secretary
Yellen became Federal Reserve chair in 2014 when the economy was still recovering from the devastating Great Recession. In the late 1990s, she was President Bill Clinton’s top economic adviser during the Asian financial crisis. Under Biden she would lead the Treasury Department with the economy in the grip of a surging pandemic.
If confirmed, Yellen would become the first woman to lead the Treasury Department in its nearly 232-year history. She would inherit an economy with still-high unemployment, escalating threats to small businesses and signs that consumers are retrenching as the pandemic restricts or discourages spending.
NEERA TANDEN, Office of Management and Budget director
Tanden is the president and CEO of the liberal think tank Center for American Progress. She was the director of domestic policy for the Obama-Biden presidential campaign, but she first made her mark in the Clinton orbit.
Tanden served as policy director for Hillary Clinton’s 2008 presidential campaign. Before that, she served as legislative director in Clinton’s Senate office and deputy campaign manager and issues director for Clinton’s 2000 Senate campaign. She also served as a senior policy adviser in the Bill Clinton administration.
If confirmed, she would be the first woman of color and the first South Asian woman to lead the OMB, the agency that oversees the federal budget.
BRIAN DEESE, director of the White House National Economic Council
Deese, a former senior economic adviser in the Obama administration and now the managing director and global head of sustainable investing at BlackRock, would be the top economic adviser in the Biden White House. He worked on the auto bailout and environmental issues in the Obama White House, where he held the title of deputy director of both the NEC and the OMB.
CECILIA ROUSE, chairwoman of the Council of Economic Advisers
Rouse is a labor economist and head of Princeton University’s School of Public and International Affairs. She served on the CEA from 2009 to 2011, and served on the NEC from 1998 to 1999 in the Clinton administration.
Notably, she organized a letter earlier this year signed by more than 100 economists calling for more government action to mitigate the fallout for Americans caused by the coronavirus pandemic.
Rouse, who is Black, would be the first woman of color to chair the CEA.
Biden is also expected to name Heather Boushey, the president and CEO of the Washington Center for Equitable Growth, and Jared Bernstein, who served as an economic adviser to Biden during the Obama administration, to serve on the council. Both Boushey and Bernstein advised Biden during the presidential campaign.
Associated Press writers Alexandra Jaffe, Christopher Rugaber and Michael Balsamo contributed to this report.
© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.