U.S. President-elect Joseph R. Biden Jr. on Monday will nominate Neera Tanden, Cecilia Rouse, Jared Bernstein, Heather Boushey, and Nigerian-American Adewale Adeyemo alongside Janet Yellen to his economic team.
If confirmed, 39-year old Adeyemo would be the first African American Deputy Secretary of the Treasury, while Yellen, if confirmed, will be the first woman to lead the Treasury Department in its 231-year history, and the first person to have served as Treasury Secretary, Chair of the Council of Economic Advisers, and Chair of the Federal Reserve. She has previously been confirmed by the Senate on four separate occasions.
Adeyemo, a veteran of the Executive Branch and expert on macro-economic policy and consumer protection with deep national security experience, previously served as Deputy Director of the National Economic Council, Deputy National Security Advisor, and the first Chief of Staff of the Consumer Financial Protection Bureau.
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The Wall Street Journal reported on Sunday that Biden will nominate Neera Tanden to serve as director of the Office of Management and Budget. Tanden currently serves as president and CEO of the center-left tink tank Center for American Progress.
Biden will also nominate Nigerian-American Adewale Adeyemo, a senior economic adviser under the Obama administration, to serve as Yellen’s top deputy at the Treasury Department.
The Wall Street Journal added that Biden is also expected to nominate Princeton University labor economist Cecilia Rouse to serve as chair to the Council of Economic Advisers. Jared Bernstein and Heather Boushey, two economic advisers from Biden’s campaign, will also be nominated to serve alongside Rouse.