The Wall Street Journal: Biden fills out his economic team, with eye on rapid recovery

Neera Tanden speaks in 2019 in Las Vegas.

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WASHINGTON — President-elect Joe Biden intends to nominate a team of liberal and centrist economic advisers to serve alongside planned Treasury Secretary nominee Janet Yellen, people familiar with his plans said Sunday, as he prepares to confront the economic fallout from the coronavirus pandemic.

Biden has chosen Neera Tanden, head of the Center for American Progress, a center-left think tank, to serve as director of the Office of Management and Budget. The former vice president has picked Cecilia Rouse, a Princeton University labor economist, to be chairwoman of the Council of Economic Advisers, these people said.

The president-elect has selected Adewale “Wally” Adeyemo, a former senior international economic adviser during the Obama administration, to serve as Yellen’s top deputy at the Treasury Department. And he will turn to two campaign economic advisers, Jared Bernstein and Heather Boushey, to serve as members of the CEA alongside Rouse, the people said.

Biden’s selections include outspoken advocates for aggressive fiscal stimulus to help return the economy quickly to its pre-pandemic health, a cause that could run into resistance in a closely divided Congress. The advisers are also known for advocating expanded government spending they say would boost the economy’s long-term potential, in areas that are liberal priorities such as education, infrastructure and the green economy, and policy changes aimed at narrowing racial disparities in the economy.

An expanded version of this report appears on WSJ.com.

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November 30, 2020 at 02:43PM

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