President-elect Joe Biden has assembled a group of experienced economists for government seats who he hopes will be able to make the policies to re-boot the US economy while also keeping people safe from the deadly coronavirus.
The balance between staying safe and fueling the economy is not the only one of concern to Biden. He is also trying to please the more traditional Democratic values with those of more progressive policies.
The list of economic team players includes former Fed chair Janet Yellen as Treasury secretary; Neera Tanden, president of the Center for American Progress think-tank and former aide to Hillary Clinton, for budget director; Wally Adeyemo, former international economic official and president of the Obama Foundation for deputy Treasury secretary.
Biden is also expected to pick Brian Deese, an executive from the hedge fund BlackRock, to be the director of the National Economic Council, signal that Biden has a preference for pragmatic policymakers who lean a bit left of center.
He is also signaling to his more progressive supporters with his picks of Cecilia Rouse of Princeton for the White House’s Council of Economic Advisors; Jared Bernstein, a former chief economist for Biden when he was VP; and Heather Boushey, an economist with a special interest in income inequality.
“This is the team that will deliver immediate economic relief for the American people during this economic crisis and helps us build our economy back better than ever,” Mr. Biden said in a statement. “This team is comprised of respected and tested groundbreaking public servants who will help the communities hardest-hit by Covid-19 and address the structural inequities in our economy,” he added.