Biden Introduces Economic Team

December 1, 2020 4:24 am

WASHINGTON (AP) – 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 Fed 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.