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Biden Appoints Jared Bernstein to Council of Economic Advisors

Summary:
President-elect Joe Biden says his economic team is "first rate" and will help build an economy that works for all Americans. Biden introduced key members of the team Tuesday in Delaware, including former Federal Reserve chair Janet Yellen to become Treasury secretary. Biden described Yellen as one of the "most important economic thinkers of our time." She would be the first female Treasury secretary if confirmed by the Senate. Biden also introduced Neera Tanden as his choice to run the White House budget office. Tanden's nomination, however, has encountered early disapproval from some Senate Republicans, who will vote on her nomination. Biden also named his chair and members of the Council of Economic Advisers. He says the CEA chair will serve in the Cabinet. Biden also named a

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President-elect Joe Biden says his economic team is "first rate" and will help build an economy that works for all Americans. Biden introduced key members of the team Tuesday in Delaware, including former Federal Reserve chair Janet Yellen to become Treasury secretary. Biden described Yellen as one of the "most important economic thinkers of our time." She would be the first female Treasury secretary if confirmed by the Senate. Biden also introduced Neera Tanden as his choice to run the White House budget office. Tanden's nomination, however, has encountered early disapproval from some Senate Republicans, who will vote on her nomination. Biden also named his chair and members of the Council of Economic Advisers. He says the CEA chair will serve in the Cabinet. Biden also named a deputy for Yellen. Biden unveiled his economic team amid growing concerns about the pace of the nation's economic recovery as governments reimpose restrictions to curtail the surging coronavirus pandemic. Biden has assembled a team of liberal advisers who have long focused on the nation's workers and government efforts to address economic inequality, as unemployment remains high and as the COVID-19 outbreak widens the gulf between average Americans and the nation's most well off. The virus, which has killed more than 268,000 Americans, is resurgent across the country amid holiday travel and colder weather sending people indoors. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake Biden Appoints Jared Bernstein to Council of Economic Advisors
Jared Bernstein
Jared Bernstein joined the Center on Budget and Policy Priorities in May 2011 as a Senior Fellow. From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joe Biden, Executive Director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team. Prior to joining the Obama administration, Bernstein was a senior economist and the director of the Living Standards Program at the Economic Policy Institute, and between 1995 and 1996, he held the post of Deputy Chief Economist at the U.S. Department of Labor.

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