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US News Joe Biden will build his economic team around Janet Yellen

22:55  30 november  2020
22:55  30 november  2020 Source:   leparisien.fr

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US President-elect Joe Biden has tapped Janet Yellen , the former chair of the Federal Reserve, to be head of the Treasury Department in his administration, he confirmed in a statement on Monday. If she is confirmed by the Senate, she would be the first female chief in the 232 years of the department's

President-elect Joe Biden will take a significant step this week toward addressing the damage to the U.S. economy inflicted by the coronavirus pandemic, as he names an economic team led by his choice for Treasury secretary, former Federal Reserve Chair Janet Yellen .

Joe Biden confirmed Monday the appointment of Janet Yellen, former president of the Central Bank, as head of the Treasury. She would thus become the first woman to head what is the equivalent of the French Ministry of Finance, after having been the first to head the Federal Reserve (Fed). However, this appointment must be confirmed by the Senate.

To assist her as Deputy Secretary of the Treasury, the President-elect chose Wally Adeyemo. "If confirmed, Mr. Adeyemo would be the first African American Assistant Secretary of the Treasury," said Joe Biden. This “expert in macroeconomic policy”, of Nigerian origin, has notably been deputy director of the National Economic Council, national security adviser and chief of staff at the Bureau of Financial Consumer Protection.

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President-elect Joe Biden unveiled his picks for several top economic positions on Monday, including former Federal Reserve Chair Janet Yellen as his nominee for Treasury Secretary, setting the stage for a more diverse White House. Yellen would be the first woman to run the Treasury Department.

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The US super-ministry of finance is supplemented by the appointment of Neera Tanden as director of the Bureau of Management and Budget. She would be the first woman of Indian origin to hold this post. His career has, according to Joe Biden, "focused on implementing policies designed to support working families, foster economic growth and reduce rampant inequalities."

Neera Tanden lors de la convention nationale démocrate, à Philadelphie, en juillet 2016/AFP © Provided by Le Parisien Neera Tanden during the Democratic National Convention, in Philadelphia, in July 2016 / AFP

Another appointment to note, that of Cecilia Rouse as head of the President's Council of Economic Advisers. “She will become the first African American and only the fourth woman to lead this Council in 74 years of existence,” notes Joe Biden. The role of this agency within the White House is to provide the president with objective economic advice in order to develop national and international economic policy.

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President-elect Joe Biden has repeatedly promised to build a government that "looks like America." He's not wasting any time in delivering on that front. On Sunday night, he unveiled an all-female senior communications staff and is expected to roll out a diverse group to lead his economic team

Joe Biden has hired an all-female communications team for his administration, including naming veteran Democratic spokeswoman Jen Psaki as his “Honored to work again for @ JoeBiden , a man I worked on behalf of during the Obama- Biden Admin as he helped lead economic recovery, rebuilt

Also on the board will be Jared Bernstein, who was already Vice President Biden's chief economist during the early years of the Obama administration, along with Heather Boushey. This "eminent economist" whose research has focused on economic inequalities, is co-founder of the Washington Center for Equitable Growth.

Heather Boushey/AFP © Provided by Le Parisien Heather Boushey / AFP

“As we begin to work to bring the virus under control, here is the team that will provide immediate economic support to Americans during this economic crisis and help us rebuild our economy again stronger than ever, ”Joe Biden wrote in a statement.

We have no time to lose to address the economic crisis we face and build our economy back better.

This team will be ready on Day One to pull every lever of government to help those hardest hit by COVID-19 and right the structural inequalities in our economy. pic.twitter.com/cQ2MqV0mIW

- Joe Biden (@JoeBiden) November 30, 2020

USA: Donald Trump accuses Arizona Governor of fraud .
The states of Arizona and Wisconsin have confirmed Joe Biden as the winner in the US presidential election. Angry incumbent Donald Trump reacts with an indirect threat. © ANDREW CABALLERO-REYNOLDS / AFP From Donald Trump's point of view, it must amount to an affront. Arizona's Governor Doug Ducey, a Republican, dared to confirm Trump's defeat in the US presidential election in the state .

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