Tuesday, December 1, 2020
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Joe Biden announced his team to tackle an economy hit by the coronavirus pandemic

The president-elect of the United States, Joe Biden (EFE / EPA / SHAWN THEW / File)

While there has not yet been an official concession from President Donald Trump to Joe Biden, At this point, no one has doubts that on January 20 Biden and Kamala Harris will assume a new administration of the United States government. One month and twenty-one days after the assumption, they are already known the key names of the new administration.

Today, the Biden-Harris transition team announced the main names of your economic team, a key department considering that post-pandemic an injured economy is inherited, with historical unemployment rates and massive closures of small businesses. Similar to what was done with the communication department, in finance there will be a majority of women in charge.

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As anticipated in the press, the treasury secretary will be Janet Yellen. While it has yet to be confirmed by the Senate, Yellen would become the first woman in history to assume that position in the 231 years the position has been open. But this isn’t Yellen’s only historical landmark. With the secretariat of the treasury, it would become the first person to have commanded this billboard, to be Chairman of the Council of Economic Advisers and to have chaired the Federal Reserve. Born in New York 74 years ago, she has a Ph.D. in economics from Yale University and served for years as a professor emeritus at the University of Berkeley.

Janet Yellen, Biden's proposed Secretary of the Treasury
Janet Yellen, Biden’s proposed Secretary of the Treasury

For her previous jobs, Yellen was nominated by Presidents Bill Clinton and Barack Obama, and it is rumored that her relationship with President Trump has not been the best. The prestigious magazine Forbes named her as the second most powerful woman in the world, only behind German Chancellor Angela Merkel. She is married to George Akerlof, the economist who was awarded the Nobel Prize in 2001. She defines herself as a Keynesian economist who is more concerned with unemployment than inflation, so many assume that she will not push for a rate hike. of interest.

As second in command, Neera Tanden will be in charge of the Administration and Budget office. At 50, Tanden has so far managed his own consulting firm in Washington, the Center for American Progress, either liberal or progressive. He has participated in every presidential campaign for the Democratic Party since the 1980s, and was close to Joe Biden while helping to draft the affordable medicine bill, popularly known as Obamacare. Born in the United States to Indian parents, if confirmed she would become the first woman of South Asian descent to head this office.

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In charge of the Administration and Budget office, Biden proposed Neera Tanden (REUTERS / Mike Segar / File)
In charge of the Administration and Budget office, Biden proposed Neera Tanden (REUTERS / Mike Segar / File)

Wally Adeyemo has been announced as deputy secretary of the treasury. At 39, he is nationally known for having been the first president of the Obama Foundation, created after eight years in the former president’s government. A lawyer graduated from Yale University, Adeyemo began his political career working for the John Kerry campaign in 2004. He was an adviser and chief of staff to Jack Lew, in his years at the head of the Treasury Department. If confirmed, he would be the first Deputy Secretary of the Treasury belonging to the African-American community.

For Managing the Council of Economic Advisers, Biden has nominated Cecilia Rouse. An economist and dean of the faculty of public and international affairs at Princeton University, she obtained her Ph.D. in economics from Harvard University. Upon confirmation, she would be the first African-American woman to head this council.

Wally Adeyemo will be the Deputy Secretary of the Treasury
Wally Adeyemo will be the Deputy Secretary of the Treasury
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A veteran of Biden’s circle, who was the first economic adviser to the then vice-president, Jared Bernstein, was proposed as a member of the council of economic advisers, along with Heather Boushey, who until now headed the Center for Equitable Growth in Washington.

The team, beyond its racial and gender diversity, is made up of Washington veterans with an elite academic profile, different from the business tone of the economic team of the Trump administration.

Keep reading:

Joe Biden confirmed Janet Yellen as Secretary of the Treasury of the next US government

In his last days in office, Trump accelerates the construction of the border wall

The US sanctioned a Chinese state company that censors digital media at the request of the Nicolás Maduro regime

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