Biden to Announce Women-Centered Economic Team Including Yellen on Next Month 1st

WSJ Reports.. Female Labor Economist Nominated as CEA Chair
Female Director of OMB as Well
Black Immigrant Appointed as Deputy Treasury Secretary

[Asia Economy New York=Correspondent Baek Jong-min] The Wall Street Journal (WSJ) reported on the 29th that U.S. President-elect Joe Biden will announce his economic team appointments, including the Secretary of the Treasury, on December 1 (local time).

[Image source=Reuters Yonhap News]

According to WSJ citing anonymous sources, along with the already known former Federal Reserve (Fed) Chair Janet Yellen, individuals who will lead the U.S. economic recovery after the COVID-19 pandemic have been selected for the economic team.

Cecilia Rouse, a labor economist and professor at Princeton University, has been nominated as Chair of the Council of Economic Advisers (CEA). Nira Tanden, CEO of the progressive think tank Center for American Progress, will serve as Director of the Office of Management and Budget (OMB), which is a cabinet-level position responsible for overseeing the execution of the U.S. government’s budget.

Wally Adeyemo, who served as Deputy National Security Advisor for International Economics in the Obama administration, has been nominated as Deputy Secretary of the Treasury.

Jared Bernstein and Heather Boushey, who advised the Biden campaign on economic policy, are expected to assist Chair-designate Rouse at the CEA.

Biden’s economic team appointments are interpreted as actively reflecting diversity. Not only Yellen but also Rouse and Tanden are women.

Rouse and Tanden will be the first women of color to lead these organizations. Adeyemo, nominated as Deputy Secretary of the Treasury, is an immigrant from Nigeria.

This content was produced with the assistance of AI translation services.